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The Paris Agreement: What does it mean for businesses and individuals?

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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 real estate and professional services industries, and you as an individual.

The message from COP21 was clear. Achieving a climate change agreement was the first step:  the hard work begins now. This is particularly true for our clients and the wider real estate industry where significant opportunities exist.

What does the Paris Agreement mean for the real estate industry?COP21_Conference

According to the United Nations Environment Programme, buildings account for “about 40% of global energy… and they emit approximately 1/3 of greenhouse gas emissions.” It is unsurprising then that more than half of the 158 carbon reduction plans submitted by UN members, known as Intended Nationally Determined Contributions (INDCs), include measures to cut energy use in buildings. The industry has a number of levers to deliver on these ambitions such as net-zero emissions buildings and value chains; renewable energy strategies; and energy efficiency retrofitting.… Read More