QUEST- Quality Management Investments for Energy Efficiency promotes investments in sustainability and energy efficiency by identifying and empirically risk-grading factors that influence energy performance of buildings. QUEST will develop a toolkit to evaluate the energy performances of these investments and thus the connected financial risk related to the energy performance results. It may be applied to all types of Sustainability and Energy Efficiency investments and covers project design-construction-operation risks.
Financial institutions applying the QUEST toolkit will be able to reduce risk related to wrong assessment of buildings energy performance: this will allow significant increases in return on investment for the sustainable buildings sector.
The QUEST methodology development will benefit the real estate market:
•Reducing loan costs by identifying the risk profile of investments and also reducing transaction costs
•Reducing insurance costs via improved risk identification
•Simplify private investments in building performance
•Transparently securing public funding scheme requirements for Energy Efficiency