Luxury Real Estate Takes On Its Carbon Footprint

Published by Forbes: 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. The option is designed to help surmount a fundamental hurdle for private commercial developers. It’s often not cost-effective for developers to pursue zero energy and low carbon measures, because their assets frequently aren’t sold for anywhere from several years to a decade.