The United Nations Climate Change Summit (COP26) just concluded, and there was a lot of discussion about cities’ roles in the impact of climate change . Given that cities consume more than two-thirds of the world’s energy and generate an approximately equal amount of global carbon dioxide emissions, cities are an obvious place to focus decarbonization efforts . Climate change initiatives are being rolled out across the board — from major Fortune 500 companies and city planners to real estate operators, real estate investment trusts (REITs), and even Federal policies. While surely positive for the environment, these initiatives could have some negative outcomes in not only the cost of developing and operating real estate moving forward but also in its value. Here’s why. How climate initiatives will impact city investors Cities house half the world’s population and a good majority of its investment opportunities. Any major changes to regulations and incentives within these urban domains can profoundly impact the cost of doing business. Depending on the location and scope of business, initiatives could range from new building codes to insurance premiums rising. UN Secretary Guterres called for cities to align “procurement, infrastructure development, zoning, urban planning, building codes, transport systems, waste… Read full this story
- Is $200 Billion Enough To Help The Real Estate Market?
- Do You Know About These 7 Investment Real Estate Value Killers?
- How Blogging Is Changing The Face Of Real Estate Marketing
- Changing Paradigms of Goa Real Estate
- The Changing Face of Your Real Estate Investment Strategy
- Whether FSI Increase Help Mumbai Real Estate
- Real Estate Values in Canada - Is There Global Confusion?
- Austin, Texas Real Estate Remains Strong
- Real Estate Vine
- Austin Real Estate Market Steady
Will Climate Change Initiatives Help or Hurt Real Estate Values? have 273 words, post on www.fool.com at November 22, 2021. This is cached page on Gatofuns. If you want remove this page, please contact us.