The same principle of science-based targets is also now getting applied to the operation of buildings through the Carbon Risk Real Estate Monitor (CRREM). This is highlighted by the IIGCC’s Net Zero Investment Framework as the main tool for assessing real estate and is already sending shivers down the spines of investors with its graphs forecasting stranded assets over the next 30 years.
The idea behind CRREM is that you can plot your building’s performance against a science-based trajectory for that type of asset. And when it exceeds its “carbon budget” it becomes stranded because it is no longer in line with the Paris agreement. If this happens, the asset will potentially attract a “brown discount” from investors and start losing value.
Big names slam draft Future Buildings Standard and demand national retrofit plan Digital Edition: Big names slam draft Future Buildings Standard and demand national retrofit plan A group of 21 leading built environment and climate action organisations has hit out at ‘significant shortcomings’ in the government’s proposed new energy and ventilation standards for non-domestic buildings and existing homes in England
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Crunching the carbon cost numbers: five software tools for architects
1/8 Screenshot of Sefaira in use, exploring daylighting for an example building massing
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Source: Ben Blossom
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5/8 Testing the use of 7D BIM on a BIM model for Cartwright Pickard’s Wembley Park project
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Source: Phil Boorman
Source: Phil Boorman
As engineers Elliott Wood and the Institution of Structural Engineers launch their Structural Carbon Tool,
Fran Williams takes a look at it and four other popular carbon-counting tools available to the profession, plus a couple from abroad
‘We want the tool to be used by as many people as possible who are involved in designing buildings and specifying materials so that collectively we can make better carbon-based decisions to reduce the carbon being used in construction,’ said Penny Gowler, associate director at Elliott Wood.
Clara Bagenal George, Associate, at Elementa Consulting
Louisa Bowles, Partner, Sustainability Lead, at Hawkins\Brown
Speaking to Blackstock Consulting founder Andrew Teacher, both Bagenal George and Bowles said that there needs to be consensus across the UK on what net-zero means for different types of buildings.
It follows last week’s discussion with Aviva’s ESG chief, Ed Dixon, which you can find
.
As members of the London Energy Transformation Initiative (LETI), a network of over 1,000 built environment professionals working to put the UK on the path to net-zero, Bagenal George and Bowles have played a critical role in helping align industry views in this area.
How impressed is the industry with Government action and promises so far?
Is funding in place for radical investment in carbon neutral?
Main takeaways:
Planning requirements across the country need to be tightened to promote carbon neutral development
Developers and investors are increasingly interested in carbon neutral but still need big exemplars to follow
Skills are as big a concern as funding for making carbon neutral happen by the deadlines set
Presentation by Josh Bullard, divisional director of smart energy at Hydrock
“As the UK aims for net zero, most of the low-hanging fruit is already taken,” Bullard told event delegates.