Regulators around the globe have enacted legislation that specifically targets real estate with aggressive, near-term emissions reduction requirements.
New York’s Climate Mobilization Act 2019 requires
– 40% reduction in GHG emissions by 2030
– 80% reduction by 2050
– Enforcement begins in 2024.
The act applies to all buildings over 25,000 square feet. This is approximately 50,000 assets across the city.
Los Angeles’ Green New Deal 2019 requires that all new buildings be net-zero carbon by 2030, with the entire building stock converted to zero-emission technologies by 2050.
The European Union has released details around a $1 trillion plan to make the whole continent carbon neutral by 2050.
Green Certification on commercial properties delivers mean increases of:
- 6.3% on rental income
- 6.0% on occupancy
- 14.8% on sale price
(Dept. Built Environment Report, School of Engineering, Aalto University, Finland, March 2020)
In the last 5 years EP&T Global has:
– Delivered more than $100,000,000 in energy savings to our clients
– Prevented the emission of 100,000 tonnes of CO2 into the atmosphere every year.
– Helped clients improve their NABERS ratings by an average of 0.8, and up to 2.5
The case for greener buildings has never been more compelling. We help our clients identify ways to improve operational performance. This has multiple benefits. When businesses work with us they save money, reduce CO2 emissions and increase tenancy, achieve higher rental returns and asset sale price.