20 September 2024

The Australian Sustainable Built Environment Council (ASBEC) welcomes the opportunity to provide feedback to the Commercial Building Disclosure expansion consultation. ASBEC views the CBD program as a key tool in the decarbonisation of Australia’s built environment. We estimate that implementing a comprehensive suite of energy efficiency policy measures could deliver $20 billion in financial savings by 2030, and 64MT of avoided CO2-e emissions by 2050. Further, electrifying the built environment could deliver 199MT avoided CO2-e emissions and $49 billion in energy savings by 2050 compared to business as usual.

Expanding the CBD program is one of the best opportunities available to build on and accelerate positive change in the wider commercial buildings sector. The expansion of the program is a recommendation in Every Building Counts, (authored by the Property Council of Australia and the Green Building Council of Australia and supported by ASBEC) which details a toolkit of policies and programs that provide certainty to industry, driving the transition to zero-carbon-ready homes and buildings and providing a roadmap for governments towards a greener, healthier, more equitable built environment.

Read the full submission here.