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ARTICLE · 24 NOVEMBER 2021

Energy Efficiency Is A Win-Win

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Global climate alignment has been under the microscope in Glasgow and one thing is becoming apparent: the commercial property sector faces change, explains Partner Chris Brigstocke.

United KingdomReal Estate and Construction
Christopher Brigstocke
Christopher Brigstocke

Global climate alignment has been under the microscope in Glasgow and one thing is becoming apparent: the commercial property sector faces change, explains Partner Chris Brigstocke.

The UK government has proposed a trajectory towards net zero for privately rented commercial buildings in England and Wales, requiring them to achieve new standards by 2030. It is a tall order, and estimates suggest it will need an investment of approximately £5bn.

But money alone will not achieve the change the climate emergency demands. The dynamic of landlord-tenant relationships means many of our commercial, retail and office buildings are a long way from net zero compliance. Without a major overhaul of leasing law and practice, the property industry is unlikely to reach the government's goals.

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