Friday, 7 November 2014

Green Growth for Real Estate in France

Written by Christian Béaur
Director, CBRE Project Management & Sustainability

On October 14th 2014 the French Parliament passed a new law around energy transition for green growth. The bill is a continuation of the 2030 European Climate and Energy package signed by the EU. The package aims to see a reduction by 40% of greenhouse gas emissions, and a target of 27% for renewable energy and energy savings by 2030.

Content of the law
This bill contains 8 main objectives (summarised in the diagram above). The key points are as follows:  
  • Reduce emissions of greenhouse gas emissions by 40% by 2030 and by 2050 the levels to be cut by 75% compared to 1990 levels.
  • Increase the proportion of renewables in the energy mix to reach 32% of domestic consumption in 2030, while capping the nuclear production at current levels.
  • Reduce energy consumption by 20% by 2030 in comparison with 2012 level.
This bill will undoubtedly have a significant impact on commercial property. It is closely linked to the preceding Grenelle laws and the Kyoto Protocol and includes milestones for every 10 years until 2050. Public landlords should lead the way towards innovative energy efficiency solutions. The commercial real estate industry is already ahead of the game with nearly 80 organisations– including CBRE – leading the way when they signed the "Energy Efficiency Charter for Commercial Buildings" and by embarking environmental best practices. The challenge will be to leverage the momentum and motivation towards smaller companies (and towards the users!) this will:
  • Amplify innovative solutions about energy sharing in the city (and among buildings) and renewables : storage, self-production, autonomy, demand/response power flexibility.
  • promote “responsible” buildings within its territory, stressing on eco-mobility, circular economy (waste reduction and recycling),) and Life Cycle Assessment, social responsibility its and benefits.
  • Boost new numerical and communication technologies (building information modeling, real time data management and information sharing)  to allow an accurate and optimum management of living conditions and wellbeing for  occupiers. This level of quality will need to enusre it is maintained to be succesful.

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