The business case for sustainable adaptation of existing buildings in Australia
By Dr Alan March, Senior Lecturer, University of Melbourne, Sara Wilkinson, Senior Lecturer in Property and Real Estate at Deakin University Given the increased importance of action to mitigate global warming and climate change, and the acknowledgement of the significant contribution made by buildings, there is a move to adapt existing stock (Stern 2006, Garnaut 2008). Buildings contribute around half of all greenhouse gas emissions suggesting the potential for substantial reductions (UNEP 2006, Ngowi 2000). Whilst residential buildings contribute around 25%, offices contribute 12% of all greenhouse gas emissions in Australia. Adaptation is inherently sustainable as the process involves use …