In this episode of Efficiency and Property Investing, Nick delves into the significance of Energy Performance Certificates (EPCs) and Energy Performance Assessments (EPAs) in the context of international climate agreements. Nick traces the origins of these measures back to the Kyoto Protocol and discusses the UK's commitment to reducing greenhouse gas emissions, particularly through the Paris Agreement. Nick highlights the ambitious targets set by the UK, including achieving net zero emissions by 2050 and an 88% reduction in emissions by 2030.

KEY TAKEAWAYS

1. International Climate Agreements: The Kyoto Protocol, established in 1997, was a significant milestone in global efforts to combat climate change, setting legally binding emission reduction targets for developed countries, including the UK.

2. UK's Commitment to Climate Action: The UK has set ambitious targets to achieve net-zero greenhouse gas emissions by 2050, including an 88% reduction in emissions by 2030 compared to 1990 levels.

3. COP28 Outcomes: The COP28 climate summit established a loss and damage fund to assist developing countries affected by climate change and emphasized the need for urgent action to meet the goals of the Paris Agreement.

4. Investment in Renewable Energy: The UK is heavily investing in renewable energy sources, such as wind and solar power, and is phasing out fossil fuels. This includes plans to end the sale of new petrol and diesel cars by 2030 and to build new nuclear power stations.

5. Stricter Energy Performance Standards: The UK government is implementing stricter energy performance standards for buildings and homes, which will increase pressure on developers and landlords to improve energy efficiency.

BEST MOMENTS

"The Kyoto Protocol has actually expired now, but it's been overtaken by the Paris Agreement, which I'll come to in a minute."

"The Paris Agreement represents a significant step forward in global efforts to address climate change."

"The establishment of the Loss and Damage Fund was a major achievement and the focus on adaptation and climate finance has demonstrated a growing recognition of the need to support developing countries."

"The UK aims to reduce its emissions to as low as possible or close to zero as possible with any remaining emissions offset by carbon removal technology."

"Stricter EPCs, stricter building standards. The pressure will increase on developers and landlords to make their properties more energy efficient."

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HOST BIO

Nick is an award-winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.

He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.

Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business