Stranded asset - an asset that is worth less on the market than it is on a balance sheet due to the fact that it has become obsolete in advance of complete depreciation.
I am delighted to be writing to you from Sydney where Green Cities is about to get underway.
Welcome back to the start of a year that is going to be filled with energy and enthusiasm!
The biggest news this month is the launch of the IPD/PCNZ Green Property Index on 7 November, which has started to prove the business case for certified green buildings in New Zealand.
Housing affordability and urban regeneration are highly topical this week, with the Government’s response to the Productivity Commission on housing affordability announced on Monday, and the Auckland Conversations discussion about the economic factors influencing this, on Wednesday.
How do we encourage investment in energy efficiency, leading to low carbon cities? It’s the subject that’s on my mind as we approach the piloting period for NABERSNZ, but it also connects with a number of other strands that we are grappling with at the moment at NZGBC.
Last month I promised to let you know about Consense (conference of the German Sustainable Building Council, recently held alongside the World Green Building Congress in Stuttgart, Germany).
I recently attended this year’s World Green Building Congress, in Stuttgart, Germany, held alongside the host country’s annual conference, in this case the German Sustainable Building Council’s Consense.
It’s been a hard but remarkable year, with budgets being tightly held and no clear signal from central government that green building is on the agenda (but it doesn’t appear to be entirely off the agenda either). The good news is that this hasn’t stopped our strong supporters from continuing to develop, build and operate green buildings.
We are delighted to announce to you that New Zealand’s building owners and tenants will soon be able to benchmark the energy performance of their office premises, with the introduction of NZ NABERS (National Australian Built Environmental Ratings Scheme) into the New Zealand market later this year.