Severn Wye Presentation
Severn Wye Presentation
ECONOMY
RETROFIT
Analysis - SWOT
Strengths Weaknesses
1. Environmental Benefits: Circular economy 1. Initial Costs: Retrofitting buildings for circularity
retrofitting can significantly reduce the environmental can involve significant upfront costs, including
impact of existing buildings. material and equipment expenses.
2. Cost Savings: Retrofitting buildings for circularity 2. Technical Challenges: Retrofitting existing
can lead to long-term cost savings through reduced buildings can be complex due to structural
energy and resource constraints, outdated systems, and the need
consumption, as well as improved operational for careful integration of circular economy principles.
efficiency.
3. Lack of Awareness: Many building owners and
3. Job Creation: The circular economy retrofit sector stakeholders may have limited knowledge or
has the potential to generate new job opportunities in understanding of circular economy concepts, making
areas such as green construction, renewableenergy it challenging to convince them of the benefits and
installation, and waste management. potential return on investment.
Opportunities Threats
1. Policy Support: Governments and regulatory 1. Economic Constraints: Economic downturns or
bodies can play a crucial role in driving circular financial uncertainties may impact the availability of
economy retrofit by implementing supportive funding for circular economy
policies, roviding incentives, and setting targets or retrofit projects, reducing the overall investment in
standards for sustainable building practices. sustainable building practices.
2. nnovation and Collaboration: There are significant 2. Resistance to Change: Stakeholders, including
opportunities for innovation and collaboration building owners, contractors, and tenants, may be
between different industries, resistant to change due to concerns about disrution,
including construction, waste management, and inconvenience, or perceived higher costs associated
renewable energy, to develop integrated circular with retrofitting.
economy retrofit solutions.
1. Energy Efficiency
2. Reduced Carbon Emissions
3. Fuel Diversification
4. Affordability
5. Reduced Fuel Poverty
6. Integration with Low Carbon
Technologies
CONCLUSION