High tech companies have called for a less draconian, more flexible approach to ”greening” old buildings to encourage small business to spend money on refurbishments.
But apparently the approach taken to date in Australia only applies to buildings with lettable space and space for sale of more than 2000 square metres. This is a good start and has been a long time coming, but in the US, they have mandatory reforms but also tax incentives on energy efficiency, regardless of size.
The new Australian scheme mandates disclosure of a building’s energy efficiency. A valid National Australian Built Environment Rating System (NABERS) energy rating will be required. Credible energy efficiency information must be given to prospective purchasers and lessees of large commercial office space. Failure to comply will incur severe penalties.
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