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Putting a price on carbon in the real estate market
Download our award-winning app and enjoy access to all exclusive features. Click here to access on Apple or Android.
Carbon markets, where polluters pay for their carbon emissions, are being increasingly used by regulators to spur industry and rein in greenhouse gas emissions. In the European Union, plans are afoot to extend the bloc’s carbon trading system to road transport and buildings, with the expanded carbon market due to become fully operational in 2027.
However, many in the real estate sector have not yet factored the cost of carbon into the value of their properties, leading to concerns that energy-inefficient buildings are currently overvalued.
The Urban Land Institute (ULI) recently released a report on voluntarily embracing carbon pricing principles. For jurisdictions that do not have a state-run cap-and-trade system, a voluntary carbon market can allow companies to put a tangible cost on greenhouse gases. These funds can then be ring-fenced by the company to make climate-friendly improvements.
The report provides recommendations on how to start implementing a carbon price, which the authors say will help real estate companies align their financial and strategic interests with climate goals. Adopting a voluntary carbon price also ensures companies are kept from being caught flat-footed by new regulations.
Lisette van Doorn, the CEO of ULI, sat down with the Urban Report at the C Change Summit in Barcelona to discuss decarbonising the real estate sector, the implementation of voluntary carbon markets, and what Van Doorn would like to see from the EU’s new Energy and Housing commissioner.
Download our award-winning app and enjoy access to all exclusive features. Click here to access on Apple or Android.
If you have any thoughts or questions about anything that has been discussed in this week’s episode, you can reach Sean at his X account: Sean Carroll
Follow us on X at @Foresight_CE or email us at: [email protected].
You can also find FORESIGHT Climate & Energy on LinkedIn.
Hosted on Acast. See acast.com/privacy for more information.
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By FORESIGHT Media GroupDownload our award-winning app and enjoy access to all exclusive features. Click here to access on Apple or Android.
Carbon markets, where polluters pay for their carbon emissions, are being increasingly used by regulators to spur industry and rein in greenhouse gas emissions. In the European Union, plans are afoot to extend the bloc’s carbon trading system to road transport and buildings, with the expanded carbon market due to become fully operational in 2027.
However, many in the real estate sector have not yet factored the cost of carbon into the value of their properties, leading to concerns that energy-inefficient buildings are currently overvalued.
The Urban Land Institute (ULI) recently released a report on voluntarily embracing carbon pricing principles. For jurisdictions that do not have a state-run cap-and-trade system, a voluntary carbon market can allow companies to put a tangible cost on greenhouse gases. These funds can then be ring-fenced by the company to make climate-friendly improvements.
The report provides recommendations on how to start implementing a carbon price, which the authors say will help real estate companies align their financial and strategic interests with climate goals. Adopting a voluntary carbon price also ensures companies are kept from being caught flat-footed by new regulations.
Lisette van Doorn, the CEO of ULI, sat down with the Urban Report at the C Change Summit in Barcelona to discuss decarbonising the real estate sector, the implementation of voluntary carbon markets, and what Van Doorn would like to see from the EU’s new Energy and Housing commissioner.
Download our award-winning app and enjoy access to all exclusive features. Click here to access on Apple or Android.
If you have any thoughts or questions about anything that has been discussed in this week’s episode, you can reach Sean at his X account: Sean Carroll
Follow us on X at @Foresight_CE or email us at: [email protected].
You can also find FORESIGHT Climate & Energy on LinkedIn.
Hosted on Acast. See acast.com/privacy for more information.