Australian city first: Development applications to include renewable energy targets at this Sydney council
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Development applications to City of Sydney will need to include energy efficiency and renewable energy targets, in an Australian city first.
The move to require new office buildings, hotels and shopping centres to transition to net-zero emissions was endorsed by council last night and is expected to save investors, businesses and occupants $1.3 billion in energy bills.
“Commercial office space, hotels and apartment buildings contribute 68 percent of total emissions in the city,” Lord Mayor Clover Moore said. “If we’re to meet our target of net-zero emissions by 2035, we need the building sector to play its part.
“These new controls, four years in the making, require developers to reduce emissions through increased energy efficiency, on-site renewable energy production and offsite renewable energy procurement.
“They are ambitious but achievable and provide a clear pathway for developers to improve energy performance and transition to net zero buildings.”
Ms Moore said the amendments were designed to provide developers with clarity in the structure and operation of the controls, especially in regards to the refurbishment of existing buildings. Council said they have been created with the support of developers, industry bodies and government agencies. Six developers, including Stockland, Frasers, Lendlease, Mirvac, Dexus and Crown Group wrote to City of Sydney in support of the proposed development standards, council said.
“Working with our major developers and building owners to address the climate crisis could not be more important,” Ms Moore said. “Not only will this program help us reach our target of net-zero emissions by 2035, it will provide energy savings of more than $1.3 billion for investors, businesses and occupants across Greater Sydney.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
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A water lily painting by Claude Monet of his Giverny gardens is expected to achieve at least US$65 million at Christie’s November sale of 20th-century art in New York
Le bassin aux nymphéas, or water lily pond, painted around 1917 to 1919, is a monumental canvas extending more than six-and-a-half feet wide and more than three-feet tall, that has been in the same anonymous private collection since 1972. According to Christie’s, the painting has never been seen publicly.
The artwork is “that rarest thing: a masterpiece rediscovered,” Max Carter, Christie’s vice chairman of 20th and 21st century art said in a news release Thursday.
A first look at this thickly painted example of Monet’s famed and influential water lily series will be on Oct. 4, when it is revealed in Hong Kong.
The price record for a Nymphéas painting by Monet was set in May 2018 for Nymphéas en fleur, another large-scale work that had been in the collection of Peggy and David Rockefeller. That painting sold for nearly US$85 million.
The current work for sale is guaranteed, Christie’s confirmed. The auction house did not provide further details on the seller.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
