This article was produced by Bryan Cave Leighton Paisner, a member of IPFA, as part of their Energy Efficiency Series.
Against the ambitious backdrop set by the Paris Climate Agreement to reach net-0 by 2050, there is a clear drive by corporations to move forward on their environmental, social and governance (ESG) or sustainability agendas.
As approximately 40 percent of all global emissions are contributed by buildings and construction, the importance of how real estate (both construction of new developments and, perhaps more critically, existing buildings) can be greened is key to meeting these goals. Coupled with the current global energy crisis, greening real estate and renewable energy options have never been more relevant.
This article looks at where the market is in relation to the push for greener real estate and what opportunities or risks are likely to arise.
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