A state where the greenhouse gases a building or portfolio emits are balanced by an equivalent amount removed or offset; the headline decarbonisation target now written into many Gulf developer strategies.
Related terms
- Operational carbon
The emissions from running a building over its life, e.g.
- Physical climate risk
The exposure of an asset to physical climate hazards such as extreme heat, flooding, water stress, and coastal erosion, particularly material for low-lying Gul…
- Renewable energy
Power from sources that naturally replenish, chiefly solar for Gulf real estate; on-site PV and green power purchase agreements are central to regional net-zer…
- Retrofit
Upgrading an existing building to improve energy efficiency or performance.
- Stranded asset
A property that loses value because it fails to meet evolving regulatory or market standards.
- Transition risk
The financial risk to property from the shift to a low-carbon economy, including tighter regulation, carbon pricing, and shifting tenant demand that can strand…
- Whole-life carbon
The total carbon emitted across a building's life, combining embodied carbon from construction and materials with operational carbon from use; the metric behin…
- Brown discount
The reduction in value or rent that energy-inefficient, non-compliant buildings suffer relative to green stock, the flip side of the green premium and a growin…