CRE’s Outsize Role in Decarbonizing Cities


CRE’s Outsize Role in Decarbonizing Cities


A new report from JLL says the onus for much of the needed work will fall on the CRE industry.

As major cities worldwide brace for climate change, a new report from JLL warns that “the policy mechanism of choice will be to put more controls in place.” In other words, CRE players should be prepared for mostly sticks, not carrots.

More than 60 percent of carbon emissions come from buildings. So as cities around the globe set ambitious carbon reduction goals, there is increasing pressure on the real estate industry to help meet those goals, writes Guy Grainger, global head of Sustainability Services and ESG for JLL...



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RSK: I like how this has to be so draconian and not eased into thing, especially with inflation and building material shortages. Same with turning to electric vehicles now without going to hybrids first, so it is economically feasible to many rather than just a few and punishing them with high gas prices.

Ken Notes: Developers are in a Catch 22, they want carbon neutral buildings, but in the spec market they must be competitive - so up front costs have to be minimized...

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- - Volume: 10 - WEEK: 24 Date: 6/7/2022 8:03:04 AM -