Valérie David, head of sustainable development and transverse innovation, will be speaking on Friday 24 November at the Futurapolis Forum, to present the Eiffage Carbon Energy Corporate Fund (E-FACE), which finances cost differentials between traditional carbon-based construction solutions and solutions that emit less greenhouse gases but are often more expensive.
Following the successful trial of the Carbon Energy Fund during construction of the Bretagne-Pays de Loire high-speed rail link, enabling a reduction in GHG emissions of more than 10 % over a period of four years, compared with the level of emissions usually expected for construction of a high-speed rail link using standard methods, the Group decided to renew the experience and extend it to all its construction activities. And so the Carbon Energy Corporate Fund (E-FACE) was created, a corporate fund which finances cost differentials between traditional carbon-based construction solutions and low-carbon solutions.
The first of its kind in Europe, this fund aims to decarbonise construction activities and so achieve collective greenhouse gas (GHG) reduction targets. It makes low-carbon solutions economically competitive compared to traditional carbon-based solutions. Since it finances cost differentials, E-FACE means that infrastructure clients do not face higher building costs resulting from the use of carbon-saving techniques.
A POOL OF LOW-CARBON TECHNICAL SOLUTIONS
Not only does it represent major leverage, it also supports research and development among suppliers engaged in the low-carbon transition; makes it possible to gradually build up a pool of low-carbon technical solutions that can be virtuously applied during the construction process; and lays the foundations for carbon accounting by making it possible to determine carbon savings per euro spent for any construction or public works project.
Eiffage project managers can easily submit an application to this fund, using a collaborative tool that compares CO2 emissions using a specially developed life-cycle analysis process, in order to implement alternative and innovative solutions.