Tag Archives: climate change

Islands: on the front line of climate change

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Covering more than 70 percent of the Earth’s surface, oceans have an intrinsic relationship with weather and climate. Oceans absorb heat from the atmosphere producing winds, currents and storms that bring fresh water to land. Our oceans’ immense capacity to absorb excess heat has helped to mitigate rising global temperatures. But scientific studies show that our oceans are at a tipping point. We are seeing the impacts of global warming on oceans, from rising temperatures and acidity to increasing intensity of storms and flooding. And populations whose survival is dependent on the ocean, such as islands and coastal regions, are experiencing the worst effects of climate change.

Palauan islands are experiencing erosion attributed to mollosks eating away the limestone and the continual push from the tectonic plates beneath. The local community is amazed at the height of the tides and very strongly believe this is a result of climate change.

Palauan islands are experiencing erosion and increased soil salinity attributed to rising sea levels. The local community is amazed at the height of the tides and very strongly believe this is a result of climate change.

Lisa Hinde, Sustainability Manager in JLL’s Energy and Sustainability Services, recently visited the remote island nation of Palau located in the Western Pacific Ocean where climate change has become a daily threat to the country’s survival. As a participant of the Island Innovation Program, Hinde witnessed first-hand the magnitude of the challenge and how governments and businesses are working together to help.

“I see islands like Palau as the ‘canary in the mine’ of global climate change. The effects they feel, being low-lying and prone to tropical storms, show stressors sooner than other places in the world,” Hinde said.… Read More

Earth Hour: Dimming commercial building lights for a brighter future

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03_eh-60-logo_stacked-clr_jpegEarth Hour is the largest grassroots movement focused on building awareness of climate change. The movement, which encourages people to limit their use of electricity for one hour, has empowered people around the globe to mobilize – in person and online – in support of fighting climate change. From its humble origins in 2007 as a one-city event in Sydney, the movement organized by the World Wildlife Fund has grown steadily each year, and spread to 178 countries across seven continents by 2016.

This year marks the eleventh annual Earth Hour celebration. On March 25 at 8:30 p.m. your local time, millions of people will turn off their lights for one hour to promote a more sustainable future for our planet. In more dramatic fashion, countries and organizations will show their support by turning off the lights on hundreds of historic landmarks and monuments. Last year the Eiffel Tower, the Sydney Opera House, the Parthenon in Athens, and the Empire State Building all went dark for Earth Hour.

Earth Hour is an important reminder of the impact real estate has on the environment. According to the U.S. Energy Information Administration, commercial and residential buildings in the U.S. consume 39 percent of the country’s total energy consumption and account for 38 percent of carbon dioxide emissions – one of the primary greenhouse gases that cause global warming. In addition to increasing carbon emissions, the growth of our cities is causing harmful light pollution. A number of companies and cities that have participated in Earth Hour used the event as a launching pad for other energy management and sustainable efforts.… Read More

The best intentions do not a plan make: turn corporate sustainability goals into action

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Companies across all industry sectors are committing to develop corporate sustainability plans. It’s no secret that a corporate sustainability plan can improve operational efficiency, reduce environmental impact, increase employee satisfaction, attract top talent and strengthen brand loyalty. It also can provide your company a competitive advantage by increasing its overall value, therefore attracting wealthy investors.

Once your company has committed to establishing a corporate sustainability plan and received engagement from the organization, the next critical step is to implement strategies that will help your company meet its sustainability goals. With the multitude of sustainable strategies and reporting standards available, it can be difficult to narrow the options, focus on the right metrics, and implement the best tactics.

But it may be easier than you think. What our Energy and Sustainability Services (ESS) team has found in helping clients turn their sustainability vision into a reality is that by initiating the following strategies, you’ll be well on your way to meeting your sustainability goals.… Read More

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

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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