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As part of the Horizon 2020-funded ARV project, GDFA led the design of a proof-of-concept linking carbon finance to deep energy retrofits in low-income neighbourhoods. Focusing on a pilot in Palma de Mallorca, the work explored how voluntary carbon markets could help finance large-scale renovations, using an Excel-based tool to test project feasibility and alignment with international carbon standards.
The findings show technical feasibility but also reveal that financial viability depends on scale, cost, and carbon credit pricing. The work offers cities, developers, and investors a structured way to assess carbon-linked retrofit models—contributing to climate goals and energy equity.
