The Property Council is a leader in making the case for sustainable development that helps attract capital.
This includes incentives in the built environment to encourage stronger investment in energy efficiency and clean energy, and a unified common-sense sustainability reporting obligation with minimal green tape.
As a champion for sustainability, the Property Council has built strong partnerships with organisations including the Green Building Council of Australia (GBCA), the Australian Sustainable Built Environment Council (ASBEC) and Global Real Estate Sustainability Benchmark (GRESB).
As part of ASBEC, the Property Council has called for measures to improve energy efficiency and incentivise distributed energy within the built environment, which would complement any whole-of-economy response to greenhouse gas emissions abatement.
In order to achieve this, five key policies are advocated:
- An ambitious national plan towards net zero emissions buildings by 2050 with staged targets for emissions and energy that will help Australia meet our obligations under the Paris Agreement
- Reforms to our energy market to support and incentivise the broader uptake of cost effective energy efficiency and distributed energy such as rooftop solar
- Strengthened and harmonised white certificate schemes across Australia with a trajectory towards a single national scheme, enabling building owners to trade their demonstrated reductions in energy consumption
- Targeted incentives for buildings that invest in energy efficiency and clean energy such as accelerated depreciation, planning incentives, stamp duty concessions and differential rates
- Modernisation of the National Construction Code with higher energy efficiency standards and a trajectory for future increases