Monthly Archives: February 2017

Science-based targets help private sector fight climate change

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Man-made greenhouse gas (GHG) emissions have increased significantly since the Industrial Revolution. If this trend continues, global temperatures are expected to rise between 2 and 6 degrees Celsius by 2100. This change in temperature could unhinge the global climate and cost nearly $2 trillion annually in abatement efforts. In order to avoid the catastrophic impacts of climate change, we must slow down the release of GHG emissions and move towards a low-carbon economy.

ThinkstockPhotos-485873480While world governments have committed to this effort through the United Nations’ COP 21 Paris Climate Agreement, it is only part of the solution. It’s clear that the private sector will need to play a role in overcoming climate change challenges. As a thought leader in this area, JLL works with corporates to assist them in defining and reaching carbon-reduction and other Environmental, Social and Governance targets.

Carbon disclosure

The private sector has experienced increasing pressure to act on climate change. Corporate reporting and disclosures of GHG emissions have made great strides. In addition, companies are setting emissions reduction targets in an effort to mitigate climate change. However, companies often set targets arbitrarily without considering what is realistic and achievable. If we hope to hit global reduction targets, … Read More

Solar and Storage: the Dynamic Duo

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Valentine’s Day conjures up some of history’s best duos: Romeo and Juliet; Hans Solo and Chewbacca; peanut butter and jelly. At JLL, we’re thinking of another remarkable pair – one that gives both sustainability and financial experts reason to celebrate: solar and storage.

While solar power generation isn’t new, it has reached a crucial tipping point. Sourcing energy from the sun is not only commercially viable, it can be a sound economic opportunity for companies willing to invest in sustainable energy infrastructure.Solar cells at sunset.

But the reality is that the sun doesn’t shine 24 hours a day. Solar power can only create energy (and offset non-solar energy) during daylight hours. When the sun sets, it’s game over. With a finite amount of daylight to collect solar Photovoltaic (PV) energy, is there a way to capture and extend power-producing sunlight?

There is, according to Kyle Goehring, National Alternative Energy Services Manager at JLL. The answer is solar power plus battery storage. … Read More

Green building policies at the touch of a button

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phone in handLast month, the United States Green Building Council (USGBC) launched an online Public Policy Library that allows users to look up green building and LEED-specific policies across the United States. The interactive database provides information on federal, state and local policies as well as tax incentives and benchmarking. The USGBC updates the database so that visitors can stay abreast of the latest changes in green building policy, and it also encourages users to update the library.

“In order to stay as fresh and current as possible, we need your help,” the USGBC said in a press release.… Read More

China’s renewable energy investment: it’s good for global business

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China kicked off 2017 by announcing that it will invest more than $360 billion over the next four years on renewable power sources like solar and wind energy. It’s an ambitious commitment, but not a surprising one, as China is the world’s leading investor in renewables. The announcement, which estimates the creation of 13 million new jobs in the renewable energy sector, comes at a pivotal time as China’s cities have been plagued by dangerous and persistent smog and pollution, brought on by decades of reliance on fossil fuels.

It’s a massive investment for China, both environmentally and economically, but also for the rest of the world and the global economy, according to Steve Yatsko, Vice President with JLL’s Alternative Energy, who says green, clean energy just makes good business sense.

“There’s no longer a question of global warming,” Yatsko said. “Climate change is real and of course we want to take care of the planet. But taking care of the planet is truly an economic decision now — and economics point to renewables.”

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