The Pilot Auction Facility (PAF) is an auction-based pay-for-performance mechanism that was originally developed by the World Bank to attract investment to projects that reduce methane emissions. The purpose of this study was to assess whether the PAF climate auction model could be translated effectively to the residential new building sector.

Energy efficiency is the lynchpin that can keep the door to 2°C open and save trillions of dollars across the global economy. To unlock it demands a large increase in finance and a re-orientation of investment.

The aim of the study was to increase the understanding of the fundamental drivers of carbon emissions in the UK and to show how all carbon emissions can be attributed to the delivery of products and services to meet the needs of the end consumer. From this work, it is possible to identify the products and services which have the highest carbon emissions associated with their supply chains.