Climate risk to long term asset value | Bill Gething standing in for Mark Wray

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Climate risk to long term asset value | Bill Gething standing in for Mark Wray

  1. 1. Driving Innovation Mark Wray - Lead Technologist mark.wray@tsb.gov.uk
  2. 2. Driving Innovation Design for Future Climate: Adapting Buildings £5m funding Two tranches – 2010 & 2011
  3. 3. Driving Innovation D4FC funded adaptation strategies for 50 building projects
  4. 4. Driving Innovation Design for Future Climate Design adaptation strategies - ?’s: 1. What is the risk exposure to future climate? 2. How to adapt the building for use to 2080? 3. When to implement adaptation measures?
  5. 5. Driving Innovation Climate is what you expect, Climate or weather? weather is what you get!
  6. 6. Driving Innovation
  7. 7. Driving Innovation Drivers for Change? Asset Protection – maintenance cycles / insurance risks Consumable costs – energy, water Financial Incentives Legislation – CC Act Planning Policy Building Regulations – 2016? Corporate Social Responsibility Lifestyle Performance expectations – performance contracting? Market – demands & tenant quality
  8. 8. Driving Innovation Looking Into The Future? Accommodate design Design for uncertainty Flexible strategies Passive first Changing culture / language Adaptable buildings - ‘Long life, loose fit’
  9. 9. Driving Innovation www.innovateuk.org www.connect.innovateuk.org/web/design-for-future-climate mark.wray@tsb.gov.uk

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