Building owners and tenants are realising that energy efficiency has many business benefits. It offers a cost-effective way to manage rising energy prices, increase productivity and reduce operating costs. It can also increase the value of your property and attract higher rental returns.
Commercial Building Disclosure (CBD) program
CBD is a national program which requires sellers and lessors of large commercial office spaces to provide energy efficiency information to prospective buyers and tenants. This is creating a more informed commercial property market, and encouraging more energy efficient buildings and reduced emissions. The National Australian Built Environment Rating Systems (NABERS) is used in the CBD program.
The CBD program is an initiative of the Council of Australian Governments (COAG) and is delivered by the Australian Government Department of Industry, Science, Energy and Resources.
2019 CBD review
The government is undertaking a 2019 review of the CBD program to assess its effectiveness and consider the case to expand the program to other high energy-using classes of buildings such as shopping centres, data centres, hotels and office tenancies.
An independent consultant will conduct the review which will involve national stakeholder consultations. The 2019 review's terms of reference outline the purpose and scope of the review.
This follows a 2015 review of the CBD program which found the program had delivered a reduction in end-use energy consumption of 10,020TJ, abatement of 2 million tonnes of greenhouse gases and has delivered $15 million in benefits ($44 million when including GHG reductions) between 2010 and 2014, by improving the energy efficiency of Australia’s large office buildings.
The Independent Review of the CBD program is being conducted by the Centre for International Economics (CIE).
Consultation on the Draft Report was undertaken in October 2019. For more information see CBD 2019 Program Review.
CBD.gov.au Australian Government
CBD program explained (video) Australian Government
What is CBD? Australian Government