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ARTICLE · 06 JUNE 2013

Smart Blocks – new opportunities and obligations for green leasing

The Federal Energy Minister has launched a new initiative, Smart Blocks, to improve energy efficiency in strata units.

AustraliaEnergy and Natural Resources

On Saturday the Federal Energy Minister launched a new initiative aimed at improving energy efficiency in Strata units. This initiative, called Smart Blocks, comes as the result of the identified rise in medium to high density strata living across Australia, and the recognition that many strata communities can benefit from reduced energy costs as a result of changes that improve energy efficiency.

How does it work?

Smart Blocks provides tenants with a 'toolkit' for approaching building owners and managers to seek improvements in energy efficiency. Along with the already established NABERS and Green Star energy rating systems, these measures are likely to further increase the demand for specific clauses in contracts that require owners, builders and tenants to maintain or even improve a building's energy use over time.

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