Sustainability Flashcards
How does the RICS help with sustainability
Evidence based research
Best practice requirements
Rules of conduct 2021
Re book valuation
GN Sustainability and ESG Guidance in Commercial property Valuation and Strategic advice
GN Environmental Risks and global real estate
Best practice training
Certification
What is Achieving net zero
The Climate Change Act 2008 amended in 2019 - net zero by 2050
Reduce emissions by 78% by 2030
What is Green Industrial Revolution
introduced in Nov-2020 the government introduced a plan to mobilise 12 billion of gov investment and support 250,000 green jobs. It will be targeted at
Power generation
Transport
Building energy efficiency
Enhancing the natural environment
encouraging green investment - energy efficiency loans
EPC penalties
Enforced by Trading standards teams within local authorities
Max commercial penalty si 12.5% RV minimum £500 max £5,000
What is MEES
Minimum Energy Efficiency Standards 2015
minimum EPC of E from 1 April 2023
MEES exmptions
Doesnt need an EPC - place of worship, listed building
Industrial units or workshops that do not have heating/cooling
Tenancy less than 6 months
tenancy more than 99 years
when it can be proven that improvements will devalue property by more than 5%
What are the MEES non compliance penalties
Policed by local authority
Less than 3 months = up to £5,000 or 10% RV (which ever is greater) max £50,000
More than 3 months = up to £10,000 or 20% RV (which ever is greater) max£150,000
Potential MEES changes
minimum C by 2027 and B by 2030
What is Energy Savings Opportunity Scheme (ESOS)
Mandatory for large organisations (+250 employees, +50m TO and annual balance sheet total 43m)
measure total energy consumption across buildings, transport and industrial activities
Conduct energy audits to find energy savings and recommendations
Report compliance to the Environment Agency
Heat Network (billing an metering) regs 2014
provision of communal heating
Consumers must be provided with accurate meter readings which are competively priced
CRC Energy Efficiency Scheme
This was replaced with the CCL in 2019
Climate Change Levy (CCL)
It is a tax on energy delivered to non domestic users
Charged by energy providers and then passed to UK treasury
Energy from renewable sources exempt
Display energy certificates
required for public buildings over 250 sq m
display energy used and carbon dioxide emissions
UK gov are consulting about operational energy cert being mandatory for commercial properties
What is BREEAM
Building Research Establishment Environmental Assessment Method
It is a tool to rate new and refurbished buildings
it has 9 environmental weightings - energy consumption, water use, transport links, waste management, health and wellbeing
5 ratings pass, Good, very good, excellent and outstanding
