How Residential and Office Developers Are Preparing for the Realities of Net Zero Published on March 12, 2018 in Sustainability In 2017, California passed the first net-zero building code in the United States (for new residential construction by 2020). New York City; Washington, D.C.; and other cities have made net-zero building commitments as well, including both new and existing buildings. While a perception remains that achieving net zero is too costly for most residential and office development, a few pioneering development companies are figuring out how to deliver net-zero and net-zero-ready projects with a high net-present value at scale.
ULI Product Council Launches Webinar Series Highlighting Business Case for Sustainability Published on February 22, 2018 in Sustainability The ULI Responsible Property Investment Council (RPIC) in January kicked off a webinar series that will run through 2018 highlighting the business case for renewable energy investments in real estate.
The inaugural webinar, “Here Comes the Sun,” provided an in-depth look at the project economics of a pilot solar retrofit project developed by Ginkgo Residential, a development and property management company operating in southern Virginia and the Carolinas.
Moody’s: Climate Change Adaptation and Mitigation Could Affect Cities’ Bond Ratings Published on January 17, 2018 in Sustainability In December, Moody’s Investors Service issued a report encouraging cities to invest in climate adaptation and mitigation. Cities will be evaluated in the future at least in part on how they prepare for both short-term climate “shocks” and longer-term trends associated with climate change. Moody’s is the largest credit rating agency to date to publicly outline how it evaluates climate change risk and integrates it into its credit rating assessments.