Demolition and rebuild really isn't a good idea, however much you make the building better insulated etc etc etc.
The data says:
o BRE and also the Royal Institute of Chartered Surveyors (RICS) in their Whole Life Carbon Assessment for the Build Environment (2017) rate demolition of medium density urban structures in the range of 10–20 kg CO₂ per square metre
o The UK Green Building Council (UKGBC) estimates that embodied Carbon for New Builds for mixed-use including high rise the figure is 800-1,000 kg CO₂ per square metre while RICS gives an even wider range of 500-1,000 kg CO₂ per square metre, the more concrete the higher the figure.
o Embodied carbon for reusing and refurbishing existing buildings according to RICS (2017) would require 50–70% less embodied carbon compared to new construction while the UKGBC Net Zero Carbon Buildings Framework (2019) suggests a figure of 300–500 kg CO₂ per square metre.
So re-use is about a third the carbon cost of rebuilding.