A building in Melbourne's CBD will be the first to undergo a green retrofit that is funded through a NAB-backed 'environmental upgrade agreement' designed to provide cheap finance and prevent tenants free-riding on energy efficiency expenditure by owners.
A new sustainability rating tool for infrastructure projects can reduce the risk of legal challenges, ensure ACCC green marketing tests are met and serve a useful purpose in tender processes, Clayton Utz partner Nick Thomas said today.
Transport and logistics company Toll Holdings says a carbon price won't have a material effect on its business and aims to reduce its CO2 emissions intensity to 20% below 2009-10 levels by 2020.
Green-star rated buildings, and those with a high NABERS energy rating, deliver higher returns to their owners than less efficient buildings, according to a study of office buildings in Sydney and Canberra.
Research by NAB and ClimateWorks on retail sector energy efficiency opportunities concludes retailers could add an extra 3% to 14% to EBIT – but they would need to boost capital expenditure by about 25% to do it.
A trigeneration network switched on today in Sydney has adopted a commercial fix for a technical problem that has plagued the roll-out of tri-gen units in Australia – and it could prove a better model for Sydney City Council's efforts to deploy the technology, says Investa's Craig Roussac.
The Australian Green Infrastructure Council says its sustainability rating tool, to be trialled mid-year ahead of a 2012 launch, will help investors decide which projects to support and make tender processes cheaper and more equitable.