The process is starting in Dunedin’s CBD…
### idealog.co.nz 2 November 2011 at 10:12 am
Why the retrofit market is the key to green growth
By Deirdre Robert
There are any number of ways to stimulate the green job market, but the World Economic Forum reckons investing in energy efficient upgrades for existing commercial buildings is a sure fire approach. It’s released a report on the subject entitled, A Profitable and Resource Efficient Future: Catalysing Retrofit Finance and Investing in Commercial Real Estate.
On a visit to New Zealand in March this year, “environment capitalist” Anthony Malkin, of New York City and Empire State Building fame, offered some advice to John Key. Malkin maintained that dollars spent on building retrofits have a payback that, when seen in terms of local employment and benefits, arguably outweigh investment in new energy creation projects. A $200 million wind farm, for example, requires technology to be imported and the taxpayer dollar goes offshore.
Posted by Elizabeth Kerr