energy efficiency forum green leasing session eric noir, WSP GREEN by DESIGN director 1st August 2011 CO2 tax . within this year? (2011) government water & energy benchmark . mandatory disclosure for all building transaction of more than 2’000 m2 . tenanting or transfer of title deed NABERS sustainable buildings certification . over 600 certified buildings . buildings retrofit activity . mature market, about 5 years ahead of RSA GBCA green leases . procurement method for all government buildings requirements . private sector uptake government energy efficiency forum green leasing session GREEN by DESIGN CO2 tax . within 2-3 years (2014?) government water & energy benchmark . DPW exploring implementation in 2012 for new buildings, existing buildings to follow GBCSA sustainable buildings certification . aim to have 10 certified buildings by the end of the year 2011 GBCSA current leases . running mainly between 5-10 years . good practice: 20% renewal per year private building owners DSM and punitive tariffs . demand will potentially be greater than production capacity in 2012 Eskom COP 17 . world focus on South Africa government civil society energy efficiency forum green leasing session GREEN by DESIGN South Africa carbon reduction target: 34% by 2020 . carbon intensive energy mix RSA 960gr of CO2 per kilowatt of electricity, European average of 630gr., Switzerland 143gr. . cities morphology sprawling cities, primarily individual car based mobility, mono-use zoning . intercity distances greater reliance on air travel . need for economy growth increased pressure on the built environment to achieve national targets energy efficiency forum green leasing session GREEN by DESIGN greenstar certification new buildings . office, retail, multi-unit residential . working on public buildings (and places of education) current greenstar existing buildings and operations . relying on water and energy benchmark as the basis . useable for all buildings 2012-2013? water & energy benchmark . mandatory disclosure for all building transaction of more than 2’000 m2 . tenanting or transfer of title deed 2012? green lease toolkit initiative . green leases are applicable to any building, not just green buildings 2012 annual green building conference 26th -28th October 2011, Cape Town annually energy efficiency forum green leasing session GREEN by DESIGN water & energy benchmark . water . energy sustainability certification . management . water . indoor environment quality . materials . energy . land use and ecology . transport . emissions . innovation energy efficiency forum green leasing session GREEN by DESIGN marketing . advertising, public image, brand association, market shares human resources . productivity . attracting talent . stuff retention corporate sustainability responsibility . King III requirements . shares value risk mitigation . environmental liabilities . punitive tariffs . carbon taxes value: energy efficiency forum green leasing session benefit . property portfolio management benefit benefit benefit benefit operation costs . utilities . rent . salary mass GREEN by DESIGN R10/m2/month R100/m2/month R1’000/m2/month energy water . lower operations costs . increased shortages resiliency . shelter against tariffs hikes, taxes investment opportunity . pay back period . capitalising investment with returns sustainability . improved indoor environmental quality . waste recycling, landfill minimisation . lower emissions framework for joint management . owners / managing agents / tenants forum . improved relationships cap rate . improved property valuation . lower tenant turnover . reduced untenanted time energy/water rating . upkeep of rating as building attribute, rather than behaviour . incremental implementation: soft lease as a framework, then hard lease with punitive measures . green lease as a piece of enablement, not the ‘silver bullet’ energy efficiency forum green leasing session GREEN by DESIGN thank you energy efficiency forum green leasing session GREEN by DESIGN