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Climate Group and Landsea share vision of China's low carbon development pathway

18 June 2010
Climate Group and Landsea share vision of China's low carbon development pathway

SHANGHAI, 18 June 2010: International NGO The Climate Group and Landsea Property Company hosted a discussion on the market value of low carbon buildings today at the Shanghai World Expo. The roundtable meeting, aimed at outlining a vision for low-carbon property development, was attended by The Climate Group, the UN Environment Programme, Landsea Property Company, Swire Properties, Guosen Securities, Draper Fisher Jurvetson Investment Consulting Company.

At the meeting, Landsea Property Company, a pioneer of green property development in China and Climate Group member, officially announced that it would join the UNEP’s “Climate Neutral Network”.

Steve Howard CEO of The Climate Group said: "Our international work looks to find practical ways to save energy and protect the environment. This important dialogue around the low carbon future of China's real estate supports our belief that a clean tech revolution is possible and desirable, not just in China, but around the world."

Tian Ming, CEO of the Landsea Property Company said that a broadest kind of debate was needed with stakeholders – including manufacturers of low carbon technologies, academics, property companies, government, financial institutions and investors – to drive important growth in the green property sector, to develop the domestic market and highlight the social value of low carbon buildings.

Building on international best practice in low-carbon buildings, China is piloting the development of its own domestic low-carbon buildings, promoting more efficient land use, and ensuring the buildings themselves are attractive and environmentally friendly. Already China is developing its own sustainable growth models for the domestic real estate. This message was reinforced by experts from the financial sector who said low-carbon buildings in China were an attractive investment proposition, underpinned by rising national living standards.

Low-carbon buildings are expected to become a growing trend within China’s booming property market in the next few years.

Changhua Wu, Greater China Director of The Climate Group said, "This important discussion on the value of low carbon buildings comes at a vital time and will shape China's vision of the domestic property market."

The roundtable discussion took place in the Expo's Alsace Pavilion, erected as a model of green building design – its water screen solar energy wall opens and closes as the temperature changes, and as the sun rises and sets. The wall not only enables the building to screen off strong light in the day to keep the temperature cool inside, but also reduces the building's carbon emissions.

At the event, Landsea Property announced that it will be China's first real estate company to join UNEP’s global “Climate Neutral Network”, an important milestone towards achieveing its goal of becoming carbon neutral by 2020. Landsea joins other leading international corporations such as Microsoft, Dell and Bayer AG who have made similar commitments to cutting emissions under this initiative.

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