World News – African Union – Property Council supports a national framework for net zero emissions by 2050

The Australian Royal Council welcomed the introduction of the Climate Change (Adaptation and Mitigation) Act 2020 that seeks to establish a national framework to reduce emissions to net zero by 2050

“The bill represents a constructive step towards addressing the long-term challenges that climate change poses to Australian businesses and families,” said Ken Morrison, CEO of the Property Council.

“We encourage all members of Parliament to engage with the substance of this bill and work towards a bipartisan approach to a policy framework that leads us to net zero emissions by 2050

Mr Morrison said: “Outside of the COVID-19 pandemic, Australia’s long-term prosperity depends on dealing with other significant challenges including the transition to net zero emissions.

“Australian buildings account for 23 percent of national emissions and our industry is well positioned to take measures to reduce emissions and make our buildings more efficient and resilient

“We know that investments in energy-efficient and climate-resilient buildings bring many benefits to our business, our families and our industry, from saving the energy bill and reducing pressure on the energy system to increasing the competitiveness of the sector and improving health and well-being outcomes for vulnerable Australians

Mr Morrison said: “The Royal Council and the Green Building Council of Australia have published a practical policy roadmap for reducing emissions to the built environment – every building counts – and we commend this to policymakers.

The Australian real estate sector has been a global leader in sustainable buildings for many years, with a number of leading real estate companies committed to net zero emissions by 2030 The challenge remains to extend this progress more broadly across the built environment and requires a long policy framework. Term for the sector, as envisaged in this law

“In the current climate, it is more important than ever to harness the potential of each building to create a sustainable and strong economy than ever before. Each building must count urging the government and the opposition to work together and provide certainty for Australian businesses and families on a path to the net Zero emissions by 2050, « said Mr. Morrison.

Carbon Neutrality, Zero Emissions