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Non-domestic Real Estate Climate Change Model: Quantifying the sensitivity of carbon emissions and operating costs to regional climatic impacts
Posted on: 15 March 2012
By: mackene
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Filed under: News
RICS has published the results of research which aims to address some central issues around the impact of sustainability on future property investment decisions. The report examines Display Energy Certificate (DEC) data from over 60,000 buildings to build a picture of how climate change is affecting operating costs and investment decisions in the UK commercial property sector. The aim of this research is to identify potential long-term financial risks associated with particular types of commercial building and to contribute to establishing a business case for mitigation and adaptation strategies that can target the most vulnerable business classes. A distinction is drawn between mitigation (reducing carbon emissions and so reducing the risks associated with climate change in the long term) and adaptation (responding to the impacts of climate change), although both have a role to play.
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