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In Australian buildings, 74% of Sydney and 67% Melbourne CBD occupiers with tenancy requirements over 5000 m 2 were found to have netzerocarbon targets. However, there is a substantial lack of properties available that meet the NABERS 6 standard.
Building commercial real estate creates a significant amount of embodiedcarbon with 60-70% of the total carbon footprint of an investment created by building it.” According to Sumberg, if existing building stock in the US was replaced with new , greener buildings it would drive carbon emissions higher than decarbonising it.
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