A Greener Environment with the Help of Commercial Real Estate

November 25, 2009
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Making a case for green

According to KPMG – a leading accounting firm, the energy consumption for both old and new commercial buildings may be cut by an approximated 30 to 50 percent while generating a flattering return on investments.

The major source of both direct and indirect greenhouse-gas emissions are the commercial buildings, as reported in Climate Change: Risks and Opportunities in the Canadian Commercial Real Estate Market.

Direct greenhouse-gas emissions are those of that came from the on-site combustion of fuels for heating as well as for cooling; these are also present in using refrigerants – which are dominant greenhouse gasses.

On the other note, indirect emissions are found in the production of construction materials and electricity utilized in the buildings.

A report stated that commercial real estate must realize that the economics are becoming even more persuasive, this is more particular given that a Canadian national market for carbon offsets related to building efficiency is on the perspective.

In addition to this, advanced companies will have long term real estate conformities in place addressing developments, ownership and sale of all environmental aspects from their commercial properties.

The “greening” of commercial real estate is not just a fad but a fundamental change. If real estate groups want to catch the attention of strategic investors and marquee anchor tenants, they must realize this change. Leaders in commercial real estate must have their advisers help them reduce these strategic threats while enhancing business opportunities in this new low-carbon economy.