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ARTICLE · 04 MAY 2023

Proptech And Decarbonization In Commercial Real Estate

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Decarbonization in the commercial real estate sector is top of mind for building developers, owners and operators, as it has garnered increased policy momentum at all levels of government in Canada.

CanadaReal Estate and Construction
Natalia Iamundo
Natalia Iamundo
Michelle F. Yung
Michelle F. Yung
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"Decarbonization is the permanent removal of carbon emissions from an organization's value chain by implementing sustainable, clean energy systems and a low-tolerance approach to residual emissions."

CBRE's Decarbonizing Commercial Real Estate report

Decarbonization in the commercial real estate sector is top of mind for building developers, owners and operators, as it has garnered increased policy momentum at all levels of government in Canada. Stakeholders must ensure their properties become considerably more energy efficient in order to achieve the new set standards, through upgrading or retrofitting older building supply and by implementing energy programs for new builds. The next phases of net-zero in real estate, such as embodied emissions and the circular economy, are being scrutinized by policymakers, too. The push for decarbonization will only gather steam going forward.

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