Business & Investment

EEOB: Transforming the Mid-Tier Sector

Melbourne CBD buildingsThe Energy Efficient Office Buildings research program report reveals that there is significant potential to deliver positive environmental and economic outcomes in the sector, which accounts for 80% of Victoria’s office buildings.

The program demonstrated that energy savings of up to 29% can be achieved across the mid-tier office building sector, via building tuning and cost effective energy efficiency measures.

It shows that improving the energy efficiency of Victoria’s older commercial buildings could reduce greenhouse gas emissions by 540,000 tonnes a year, the equivalent of taking 135,000 cars off the road.

The Sustainability Victoria report, released to mark World Green Building Week, reveals that driving energy efficiency change in the sector could result in 12,000 new jobs as upgrade work to buildings is carried out.

It found investing in energy efficiency delivered a return for building owners after three years and reduced ongoing maintenance costs.  

Twenty buildings of various sizes in Melbourne’s CBD, suburbs, and regional Victoria and built between 1960 and 2000 took part in the three year program, which is part of the government’s plan to reach its 2050 greenhouse gas reduction target of zero net greenhouse gas emissions.

Buildings that took part in the three year program are now in a 12 month monitoring phase. Building owners will provide feedback on the implemented energy efficiency initiatives in this time and undertake any necessary minor adjustments.

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Energy Efficient Office Buildings