Australia’s $200 billion property industry is a major contributor to emissions, representing 25 per cent of total carbon emissions.
Reserve Bank deputy governor Guy Debelle said climate change had become a “key policy concern” in a landmark speech made by the nation’s central bank earlier this year.
“The transition to a low-carbon economy won’t be easy and won’t be cost free, but it has to be done,” Debelle said in March.
Listed property group Mirvac said it expects to achieve net zero emissions by 2030.
“There is no doubt the world’s climate is changing,” Mirvac chief executive Susan Lloyd-Hurwitz said. Continue reading here