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As the built environment is among the main contributing sectors to climate change, it is needed to investigate new paradigms to push decarbonization efforts towards the ambitious objectives defined internationally. It is a shared understanding that shifting the perspective from the single building to the district perspective is required to fully take into consideration the complexity of all interactions undergoing within the built environment, thus the concept of Positive Energy District emerged as a district with annual net zero energy import and net zero CO 2 emission working towards an annual local surplus production of renewable energy. In this framework, this paper explores the investigation of the potential for achieving the level of Positive Energy District in a group of non-residential buildings in Balaguer, Catalonia, Spain. These buildings, occupying 8,825 m2 in the city centre, require significant refurbishment for improved energy performance. The analysis includes building energy modelling and simulation, renovation studies, several alternative balance calculations, and carbon emissions assessment. The paper also considers mobility and embodied energy and their impact on energy/carbon balances. The results show that Positive Energy Districts carbon and primary energy balances are not met with rooftop PV installations when retrofitting an existing district towards the Positive energy target but further significant PV areas (roughly + 50%) are required to meet merely the use stage balances: negative results are traced when mobility and embodied energy are computed. A formulation alternative to the simple mathematical balance to facilitate the diffusion of Positive Energy District as catalyst of urban decarbonisation could be needed, including context factors and alternative systems (e.g., rating systems). [ABSTRACT FROM AUTHOR]