Page 152 - GreenRE_Sustainable Real Estate Book

Pumps and fans are a significant composition of air- Integrate services to improve efficiency Many low-rise buildings and governmental low-rise buildings
conditioning units, essential in buildings. Therefore, a 50% such as Klinik Kesihatan, Fire Brigade station, Police stations,
A Zero Carbon future is an opportunity to completely overhaul
reduction in cooling load will easily lead to a 70-80% reduction Post Offices, etc. can be made Zero Carbon immediately by
and integrate services to improve efficiency in totality. For
in air-conditioning power consumption if the system is improving the building’s passive and active design, and its
instance, organic waste in landfills can be converted into
retrofitted correctly. cooling system. Demo projects are tangible examples of
biogas and fertilizer, and the harvested biogas can power a
savings, both capital and operating cost by implementing ZCB.
tri-generation plant, generating electricity, chilled water, and
When the fundamental science and engineering is done right, Moreover, the skills acquired by implementing these projects
hot water. The fertilizer can be sold to the agriculture sector,
energy reduction initiatives do not even require advanced will generate the necessary experience for financial institutions,
while the CO emissions from the plant can be redirected to
cooling technology, and provides double digit ROIs. Overall, EE 2 consultants, suppliers, and contractors to offer these services
enhance growth in greenhouses or algae farms. This approach
reduces carbon emission by 50% to 80%, RE reduces carbon to all buildings in Malaysia, creating a natural ecosystem to
maximises efficiency.
emission by 10% to 50%, with only high-rise and buildings with sustain ZCB implementation.
extended operating hours requiring carbon offsets.
Better tax incentives
In summary, to achieve ZCB, Energy Efficiency is always the
The existing tax incentives for Renewable Energy and Energy
first route to be explored, followed by Renewable Energy and Efficiency are encouraging but a wider tax capture would
only turning to Carbon Offset as the last mile connection to To achieve ZCB, EE is always the first route, benefit the industry and motivate participation. Passive
reach zero. Such ZCB will improve our efficiency, productivity, followed by RE and only turning to Carbon measures such as insulation, sun-shading devices, glazing
and reduce the future cost of carbon offset. Offset as the last mile to reach zero. properties enhancement and airtightness improvements

Driving the zero carbon aspiration should be given incentives as well. This will further encourage
building owners to implement passive measures as part of
With the right thrust – from the government and private Funding mechanism to spur ZCBs
their ZCB strategy, This is important because it will drive down
sectors, Malaysia has all the fundamentals to accelerate its Another potential task of this Think-Tank is the development the cost of air-conditioning system replacement, enhancing
zero-carbon aspiration and pioneer the export of zero carbon of a funding mechanism for ZCBs. The lucrative ROIs are likely efficiency.
goods and services at a lower price, capitalising on increased to drive interest among the private investors, while a green
efficiency. bond can also be issued by financial institutions to further spur Implement carbon tax instead of energy audits

Initiating investments in ZCB is a key driving force that will not the industry. Building owners would then be able to tap into Instead of energy audits to enforce compliance, a better
only spur employment, but hasten economic and business funding opportunities for ZCB implementation, to help generate approach is to implement a progressive carbon tax in Malaysia.
growth through advancement in technology, encourage rental higher revenues from energy efficiency, renewable energy, This way, the major emitters pay more to cover for low emitters
premiums, attract MNCs and raise income levels. and scale the advantage of offering zero carbon products and who are typically in the B40 category - generally more
services to the world vulnerable to carbon emission effects and in a disadvantaged
A multi-pronged approach is required to organise the nation
position to implement mitigation measures. The tax collection
towards a zero-carbon goal, but the first step is to set up Develop demo projects
a National Zero Carbon Think-Tank, gathering the nation’s can then be used to drive zero carbon uptake nationwide,
To foster ownership and mobilise the ZCB movement,
leading experts and technocrats. through a mechanism that funds everyone fairly.
implementing demonstration or model projects are beneficial.

141 SUSTAINABLE REAL ESTATE | Our 10-Year Journey