Curated daily by our industry experts. Stay informed on how climate tech is colliding with the real estate industry with these important headlines
Electrek
New clean energy communities are coming to California. Leading homebuilder KB Homes announced Wednesday it has established what it calls the first all-electric, solar-and-battery-powered microgrid community in the golden state.
JLL Spark
It’s been said many times, but the number is too stark to ignore: real estate is responsible for over 40% of global carbon emissions annually, resulting from building operations as well as embedded carbon from construction and materials.
finLedger
Ernst & Young (EY) US announced partnering with proptech and real estate-focused venture capital firm Fifth Wall to launch a suite of interactive tools for businesses’ to understand and reduce carbon emissions, according to a press release.
Savills
The office market is exposed to the risk of reduced demand due to the rise of hybrid working. Savills have estimated that companies may require about 10% less office space on average in the coming years due to changes in working patterns. Nevertheless, market evidence shows that corporate demand for the healthiest, most energy efficient—so-called ‘green’—offices remains strong, driven by growing ESG commitments and competition for talent.
Crain’s New York Business
Reducing greenhouse gas emissions in New York’s buildings and complying with ambitious green laws, such as Local Law 97, are the linchpin to achieving the state’s climate goals. But the challenges to financing decarbonization, particularly for landlords of affordable housing, are numerous.
Bisnow
While few might argue about the desirability of making the UK’s real estate assets more sustainable, the journey to achieve ambitious net-zero targets is far less clear. Existing stock continues to dominate the market, and investors and developers need to determine how best to address new build versus refurbishment, and get their corporate and residential customers on board to collaborate not just on design, but on building use.
Fast Company
A typical wind turbine is massive—roughly as tall as the Statue of Liberty, with blades that stretch wider than a football field. (Some are even bigger, like a new offshore turbine from Siemens that has a 774-foot-wide rotor.) By contrast, a new 10-by-10 foot turbine is relatively tiny. And without moving blades, it isn’t immediately recognizable as wind energy tech.
Prescriptive Data
The U.S. General Services Administration (the GSA), otherwise known as the largest landlord in the U.S., in collaboration with the U.S. Department of Energy, conducted a multi-year study analyzing Prescriptive Data’s Nantum OS as their real estate energy, management, and automation platform.
Sustainable PropTech
Check out the panel discussion on the Sustainable Proptech Canada Report featuring Deena Pantalone, Managing Partner of Venturon and Joanna Creed, Director of Operations at Venturon, moderated by Braiden Goodchild of PwC. Download the report and if you are a Canadian Sustainable PropTech company be sure to apply to the Sustainable Proptech Demo Day that is being hosted on November 8, 2022 in Toronto, Canada.
WEF
This summer, an unprecedented heatwave swept over Europe, shattering records from Portugal to Poland. No country was spared the sweltering heat. But the heat isn’t the only thing making Europeans sweat — the understanding that this is merely a prelude to our climate future, one that Europe is not immune to, is causing widespread anxiety.
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