Tag Archives: global sustainability

Floating energy: a new era of renewables

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As land becomes increasingly expensive and planning consent for large-scale renewable energy projects is more difficult to acquire, floating renewables projects, especially solar-powered ones, are on the rise worldwide. The global market for ‘floatovoltaics’ – floating solar panel installations – is expected to reach $2.7 billion by 2025.

Although floatovoltaics are not new, floating solar panel projects are now being installed all over the world on a massive scale. In 2016, a floating energy farm was installed on the Queen Elizabeth II Reservoir in Surrey, England. With more than 23,000 solar panels and the size of eight soccer fields, it is the largest floating solar installation in Europe. Coming in at twice that size is the floating solar project currently being installed on the Yamakura Dam reservoir in Japan. Once completed, the project’s more than 50,000 floating solar panels will generate enough electricity to power 5,000 homes.

In 2017, however, the rule book was rewritten when China switched on what is now the world’s largest floating renewable energy plant in the nation’s Anhui province. With a $45 million price tag, the giant installation of 120,000 solar panels covers an area equivalent to over 160 football fields and generates enough energy to power 15,000 homes.

Why floatovoltaics are rising to the top

One of the prime reasons for floatovoltaics’ worldwide popularity is their unique design, which addresses multiple efficiency and planning issues. These floating apparatuses are convenient to install in areas with limited land availability and, due to their small size, can be arrayed in unusual shapes. Additional benefits include reduced water evaporation and algae growth and increased solar cell performance.… Read More

Confirming our climate change position after COP23

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The climate change battle has elicited a wide range of reactions by companies and individuals engaged in climate mitigation and sustainability measures. While some are showing fatigue after many years of uphill struggle, others have stepped up their engagement in order to fill the gap some national governments and institutions have left behind.

JLL is part of the latter group that is committed to finding solutions to this imperative global challenge. JLL recently signed the We Are Still In declaration, a U.S. climate action movement launched in June 2017. The declaration’s more than 2,500 signatories, including U.S. business leaders, governors, mayors and NGOs, represent the nation’s enduring promise to uphold the Paris Agreement despite the federal government’s withdraw from the accord earlier this year.

In October 2017, JLL published its own Climate Change Position Statement in the run-up to the COP23 global climate summit. The United Nations Environment Program estimates that buildings are responsible for one-third of greenhouse gas emissions that cause global warming. JLL’s Climate Change Position Statement acknowledges that the real estate industry has a responsibility to reduce global emissions by helping our clients, employees, workplaces and communities mitigate and adapt to climate change and significantly reduce their energy consumption. This position closely aligns with JLL’s sustainability leadership agenda, Building a Better Tomorrow, which … Read More

Outcomes of COP23 Global Climate Summit

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Against a backdrop of newly rising greenhouse gas emissions in 2017, the world’s nations met in Bonn, Germany in November for the 23rd annual “conference of parties” (COP) under the United Nations Framework Convention on Climate Change (UNFCCC).

After the landmark Paris Climate Agreement two years ago, this year’s summit agenda focused on process-oriented negotiation points. The Agreement’s signatories now need to define how to implement the target of limiting global temperature rise to well below 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century.

These detailed processes will be written down in the so-called Rulebook, an operational handbook that defines technical and administrative tasks. Examples include how countries set and transparently report on their carbon reduction pledges and how they track their climate adaptation efforts.

In contrast to some of the previous summits, preparatory work in the run-up to the Bonn conference had not yielded more than a few “informal notes” that served as starting points for the negotiations. In the end, however, there have been some achievements:… Read More

The Paris Agreement is a good framework to tackle climate change. But let’s not settle.

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JLL’s Dan Probst and Sarah Nicholls joined world leaders and experts from the private and public sectors at the United Nations climate conference – known as COP21 – in Paris in December, and blogged about their experiences here. Below, Sarah Nicholls discusses the COP21 outcome – known as the Paris Agreement – and what it means for the world and for business.  

At the COP21 conference last month, 195 countries agreed to limit greenhouse gas emissions in an effort to curb global warming. This outcome – referred to as the Paris Agreement – stipulates an overarching objective to limit global temperatures from rising above 2 degrees Celsius relative to pre-industrial levels. To deliver on this aim, UN members submitted carbon reduction plans, known as Intended Nationally Determined Contributions (INDCs), ahead of COP21. The delivery of the INDCs is the responsibility of each member.

We can acknowledge that COP21 led to a huge, unprecedented milestone: a global climate change agreement on this scale has never been achieved before. So we’re on the right path.… Read More