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Investors driving Australia's push to make buildings 'net zero carbon'

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Sydney high-rise building photographed from street level showing plants growing down its sides.
One Central Park in Sydney is covered in about 35,000 plants, May 2018.(ABC News: Jonathan Hair)

Investment managers warn that one of the biggest threats to property values over the coming decade will be the size of their carbon footprint.

At least one global investment fund believes that global warming from climate change threatens to strip up to 30 per cent from real estate values in coming years.

Australian authorities are trying to bring buildings into line with standards derived from the Paris Agreement, but so far there is only one business precinct in Sydney that makes the grade of generating zero carbon emissions.

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Shane Mulcahy, head of engineering and sustainability, Jones Lang LaSalle
Davina Rooney, chief executive, Green Building Council of Australia
Chris Nunn, head of sustainability, AMP Capital Real Estate

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