MC-UBS uses the Carbon Risk Real Estate Monitor to assess its properties
We congratulate MC-UBS, asset manager for the Japan Metropolitan Fund Investment Corporation, on using the Carbon Risk Real Estate Monitor to simulate the Value at Risk (VaR) and greenhouse gas (GHG) emissions of its properties. “MCUBS (…) recognizes that climate change is an important environmental issue that significantly impacts our business activities. (…) It is […]
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IMF: Global carbon price floor would limit global warming
According to the International Monetary Fund, a carbon price of about 75 US-$ per ton in 2030 is necessary in order to reach the required emission reductions Therefore, the IMF urges the Group of 20 countries to establish a global carbon price floor to limit global warming to 1.5 / 2° C. Read more… Or […]
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DEKA recommends CRREM as a tool to assess and manage carbon performance of real estate
In their “Deka-Immobilienresearch Spezial: Klimaveränderungen und Immobilien“ (Editor’s note: Climate Change and Real Estate), DEKA states that besides extreme weather events, market participants need to focus on carbon emissions and pro-actively participate in the transformation of the building sector in terms of climate change. Therefore, DEKA recommends CRREM (Carbon Risk Real Estate Monitor) as best […]
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Carbon Prices apply to over a fifth of global GHG emissions according to a new World Bank study
According to the world bank’s “State and Trends of Carbon Pricing 2021” report, the total of 64 carbon pricing instruments applied around the world cover approx. 20 % of global GHG emissions resulting in a revenue of 53 Bn. US-$. However, the study also highlights that most carbon prices are still too low to limit […]
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EU Carbon Price hits record high
As per May the 4th, the EU carbon price exceeded 50 €/tonne, clearly highlighting the need for decarbonisation. Read more about carbon pricing and the record… or Find out how CRREM can help you to reduce your portfolios’ carbon emissions…
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German carbon tax targeting buildings
Since January the 1st 2021, Germany introduced also a carbon tax that will be relevant for buildings. Current regulatory plans indicate that landlords and tenants will cover the tax each by 50 %. A step up from the current 25 Euro per tonne is already part of the regulation. Find out more… or Start assessing […]
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CRREM initiative named as benchmark by Allianz Real Estate to help meet its carbon emissions and energy efficiency targets
Allianz Real Estate announces that their investments are analysed and reported against CRREM’s decarbonisation pathways. Allianz Real Estate is targeting a reduction in carbon emissions from its global portfolio of 25 per cent by 2025. The decrease is part of the firm’s wide-ranging and extensive global sustainability program initiated in 2019 and supports Allianz Real […]
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EU about to expand its emissions trading system to buildings
As stated on April 22nd, the EU will apply its emissions trading scheme to buildings in order to cut greenhouse gas emissions and limit global warming. This clearly further highlights the urgent need to track emissions and manage carbon risk to avoid stranded assets. Find out more about carbon pricing and how the CRREM tool […]
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GRESB, CRREM and PCAF Join Forces
GRESB, PCAF [Partnership for Carbon Accounting Financials], and CRREM [Carbon Risk Real Estate Monitor] are partnering up in 2021 to provide investors and banks with the guidance they need to measure and report on their financed emissions from real estate. Furthermore, this partnership is meant to help financial institutions formulate, set, and implement forward-looking targets […]
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CRREM initiative publishes Report of “lessons learned” on Best-practice Users
With the report of “lessons learned” on Best-practise Users, the CRREM initiative published another report today. The report summarizes the lessons learned based on the “2-degree ready” reports that have been prepared by participating investors and the CRREM Global Scientific & Investor Committee (former EIC) members (1). From the completion of the “2-degree ready” reports […]
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