New Economic and Social Research Institute (ESRI) report on #retrofitting private rental sector has some useful data using both Sustainable Energy Authority of Ireland (SEAI) and Residential Tenancies Board (RTB) datasets. 250k private rentals need about 30k each = €7bn to €8bn. International research has indicated that sub-optimal investments in?energy efficiency in the rental sector occur quite frequently due to market failures?and the split incentives in cost and yield on investment. There are likely to be both demand and supply side factors that act to inhibit investment in retrofit in such properties. The report says it's important that any policy interventions take a balanced approach to rental sector upgrades. This?includes weighing up the need to make progress, but also the dangers this process?might pose for tenants in particular, as it could potentially result in a reduction of?the rental stock at a time where there are already significant shortages relative to demand. However the report also states that some of the most vulnerable tenants in the PRS live in the least energy efficient properties at present; Housing Assistance Payment (HAP) and Rent Supplement tenants have the highest share of properties with a BER rating of F or G. https://shorturl.at/5FuSi
