Commercial Green Leasing in the Era of Climate Change: Balancing Risks, Burdens, and Incentives
15 Pages Posted: 29 Jul 2010
Date Written: May 1, 2010
Recent studies make clear that it is not whether a building is built “green” that matters in terms of both greenhouse gas reductions and other environmental benefits; rather the most important factor is how the building is operated and used in the long term. Long-term leases negotiated today should address the operation of green buildings to achieve environmental benefits and the roles of parties in doing so. A review of model leases available in the United States and throughout the world, including Australia, Canada, and the United Kingdom, provides a global view of how real estate markets - both public and private - are navigating the dilemma of meeting climate change mandates through leases.
Keywords: green building, green leasing, sustainability, greenhouse gas, GHG, leasing
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