Dieter Holger of The Wall Street Journal reports on the use of AI to lower carbon footprints in buildings.
- Buildings are responsible for roughly a quarter of global emissions which is leading state and local governments to introduce more stringent building codes.
- Developers are investing in artificial intelligence to track and predict energy use patterns to increase efficiency and lower the carbon footprint of retail spaces.
- While companies value lowering emissions, developers are also seeing a business case for investing in AI.
- Eco-friendly spaces are on the market for less time and tenants are often more willing to pay a higher premium for these spaces.
“JLL, which manages billions of square feet of commercial real estate around the world, has been making a string of investments to bring AI systems to companies looking to cut their emissions. The business case: Eco-friendly buildings charge higher rents and are on the market for less time. JLL says it expects 56% of organizations to pay a premium for sustainable spaces by 2025.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
