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A render of EQ Tower in Melbourne
It is both technically and economically feasible to build net zero high-rise apartments in Sydney and Melbourne, a new report from pitt&sherry has revealed, though the move is being hampered by weak regulation.
Accelerating Net-Zero High-Rise Residential Buildings in Australia, commissioned by the City of Sydney, is currently in draft version and out for stakeholder feedback, but a version viewed by The Fifth Estate found that a single net zero high-rise could generate around $9 million in economic benefits.
However, the problem is that policy gaps and barriers mean the wider societal benefits of net zero aren’t being appropriately valued, and therefore these buildings may not appear cost-effective for building developers and owners.