Luxury Real Estate Takes On Its Carbon Footprint

Originally published by Forbes. The stats are increasingly well reported and – in this era of swift climate change — ever more alarming. Some 39% of all the world’s carbon emissions are generated by the built environment and construction, according to the World Green Building Council. What’s more, the average American home emits 8.3 metric tons of carbon dioxide annually, as documented in figures from the Environmental Protection Agency.

A number of initiatives are underway to begin addressing real estate’s carbon footprint. Among them: New Buildings Institute and PACE Equity have recently introduced a groundbreaking financing tool for owners and operators of low carbon buildings.

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