Bovis Lend Lease Bovis Lend Lease is one of the world’s leading project management and construction companies, p , using industry best practices when working with clients to create high quality, sustainable property assets. We have a presence in i over 30 countries, with regional hubs in the United States,, Australia, and the United Kingdom.
Overview of Sustainability
Basic Concepts, Problems, Problems Solutions, Approaches
Overview of Sustainability Sustainability as a continuum of choices Simply, sustainability must be viewed as a continuum of choices with the goal of moving toward a closed loop of renewable energy, materials t i l and d products, over time.
Why is this an issue all of the sudden? Approaches Voluntary V l t Approach
Regulatory R l t Approach
Tools Lifecycle Perspective
Holistic / Integrated Perspective
Unified f Sector S Approach
Solutions Carbon C Stabilization Wedges
Energy Efficiency
Carbon Neutrality
Industry Impact Potential
Problems Climate Change
Population
Energy & Water Security
Energy Price Volatility
Lack of Awareness
Basic Concepts Resource Finality
CO2 & GHG
Externalities & Nature’s Services
Real Estate Valuation
Embodied Energy
Technology & GDP
Problems, Solutions, Approaches Problem: World Population Billions
12 11
2100
10 9 Old Stone g 7 Age 8
New Stone Age
Bronze Age
6
Iron Age
Modern Age Middle Ages
Now Now ≈≈ 66,703,930,000 6,663,488,000 6 663 703 488 930 000 000 people people
Distant Future Known Future
Plus 40 million people l (net)! ( t)!
2000
5 4
1975
3
Population growth in our lifetime
1950
2 1
— 1+ million years
7000 6000 5000 B.C. B.C. B.C.
4000 B.C.
3000 B.C.
1900 1800 2000 1000 A.D. A.D. A.D. A.D. A.D. A.D. B.C. B.C. 1 1000 2000 3000 4000 5000
Problems, Solutions, Approaches Problem: Energy Consumption Imbalance Population
Energy Consumption
Problems, Solutions, Approaches Energy Price Volatility – You can’t run a modern business with this type of energy volatility
Problems, Solutions, Approaches Carbon Stabilization Wedges 16
Billions of Tons Carbon Emitted per Year
16 GtC/y
Eight “wedges”
8
Historical emissions
Flat path
1. 6
0 1950
2000
2050
Image copyright Princeton University Trustees
2100
Problems, Solutions, Approaches Carbon Neutrality Energy Wedges Concept (Socolow) (World must choose 7 of these 15 options) • Energy Efficiency and Conservation • Efficient vehicles; Reduced use of vehicles; efficient buildings; Efficient baseload coal plants;
• Fuel Shift • Gas baseload power for coal baseload power
• CO2 Capture and Storage • Capture CO2 at baseload power plant; Capture CO2 at H2 plant; Capture CO2 at coal-to-synfuels coal to synfuels plant
• Nuclear Fission • Nuclear power for coal power
• Renewable Electricity and Fuels • Wind power for coal power; PV power for coal power; Wind H2 in fuel-cell car for gasoline in hybrid; Bi Biomass fuel f l for f fossil f il ffuell
• Forests and Agricultural Soils • Reduced deforestation, plus reforestation; a forestation and new plantations; Conservation tillage
Problems, Solutions, Approaches Potential Impact of Energy Efficiency Standards Industry Predictions Historical Hi t i l Trends
$ kwh / yr
CF
Problems, Solutions, Approaches Potential Impact of Energy Efficiency Standards
Problems, Solutions, Approaches Potential Impact of Energy Efficiency Standards
U.S. per capita electrical energy demand is 45% higher while CA demand higher, remained flat
Problems, Solutions, Approaches Industry Challenges Our lack of awareness Our focus on first costs and nott on lifecycle lif l costs t Our ability to challenge past work pprocesses, pproducts and practices The lack of incentives to convert existing building stock. All of these challenges represent opportunities for the design professions, the building industry, and facility owners and managers.
Problems, Solutions, Approaches Emerging Building Technologies Water efficient plumbing fixtures & equipment Effi i t lilighting Efficient hti Efficient appliances Geothermal heatingg and cooling Co-generation (CHP) Rainwater capture and storage Photovoltaic electrical generation ti Water treatment & recycling
Peeling away the confusion, passion and politics Sorting out green social agenda from high performance building issues Climate change, energy security, energy price volatility and building energy performance are related, but not the same thing. Near term energy efficiency is Near-term an interim objective, while abundant clean energy is a l long-term t requirement. i t Balancing long-term energy mix relative to environment, security andd infrastructure i f t t investment i t t is i the purview of government.
Peeling away the confusion, passion and politics Regulatory Horizon Emerging Solutions: • Cap & Trade • Renewable Energy Credits • Carbon Markets • Conservation Programs • Efficiency standards – buildings and appliances
Obstacles: • $15 trillion fixed investment in liquid fuel and electrical power industry • Relatively cheap fuels and energy • Existing building stock • Wasteful behavior
Concluding Thoughts Our Energy Path Forward
Four Possibilities: • Conservation • Innovation • Regulation • Taxation
Concluding Thoughts Our Energy Path Forward “All buildings will necessarily be higher performance f building b ildi than th at anytime in the past.” • Does not necessarily mean sacrifice • Extremely energy dependent economy and lifestyle • Large L scale l decisions d i i mustt be b made
Concluding Thoughts Macro-Trends in Corporate and Institutional Sustainability Measurement, Reporting and Marketing Investor-facing: • SRI project finance filters • Enterprise sustainabilityy reportingg • Focus on analyst’s ESG metrics • Measuring and reporting environmental footprint
Customer-facing: • Indoor environmental health • Organic and recycled products • Low impact services • LOHAS
Employee-facing: Employee facing: • Green workplaces
Concluding Thoughts Real versus Faux Green and Sustainable Practices Lutron Watt Stopper Insteon Key Take-away Point: All of these trends present new business opportunities, as well as ways to look ridiculous.
Concluding Thoughts Growth in Sustainable Building Markets Regional Concentration: • California • Cities include Boston Boston, Chicago Chicago, New York
Regulations are driving scale of technologies: • • • •
On-site generation Waste recycling Water efficiency Conservation
Concluding Thoughts
Questions or Comments
