What is net-zero, and why is it important?
Net-zero is a term used to describe a property or development that produces as much energy as it consumes. In other words, the property is self-sufficient and does not rely on the grid for power. There are many benefits to achieving net-zero status.
First, it can dramatically reduce a property’s carbon footprint. Second, it can save money on energy costs. Finally, it can increase the property’s resiliency in the event of a power outage.
Achieving net-zero status is becoming increasingly important as the effects of climate change are felt more and more around the world. In fact, many cities and states are beginning to require that new developments be built to net-zero standards. As the demand for net-zero properties increases, we will likely see a corresponding increase in investment in this type of real estate.
How to get your buildings to zero emissions
Getting your buildings to a net-zero emission is the goal. That way, you are not contributing to the problem but being part of the solution. To achieve this, we first need to make our buildings more energy-efficient.
This can be done in several ways, such as retrofitting, installing solar panels, and using LED lighting. Once we have made our buildings more energy-efficient, we can then start to look at generating on-site renewable energy. This can be done through solar PV, wind turbines, and CHP. Finally, we need to offset any remaining emissions through carbon credits or other means.
Achieving net-zero is not only possible but also necessary if we want to avoid the most catastrophic impacts of climate change. The good news is that there are many ways to get there, and the real estate sector is leading the way.
The push toward net-zero in real estate is a growing trend in real estate that will only continue to increase in popularity; investors are looking for these types of buildings more and more. So it is worth investing in sustainable principles for the resilience of your property.
How to start your ESG journey and reporting