New partnership encourages Sydney businesses to go green

The City of Sydney recently announced that it has signed a Memorandum of Understanding (MOU) with Low Carbon Australia Ltd (LCAL) to encourage businesses to invest in low-carbon technologies by helping building owners and tenants find the financial and technical solutions to reduce their energy consumption.

City of Sydney Chief Executive Monica Barone said of the agreement:

”This is part of the City’s program to reduce carbon emissions by 70 per cent by 2030 – one of the most ambitious targets of any Australian government. It follows the city’s carbon-neutral certification by LCAL last year, the first by an Australian council.”

The City of Sydney and will work with LCAL to organize seminars, workshops and collaborate on research and educational materials to encourage building owners and tenants to invest in energy-efficiency improvements. Barone added, “this agreement will support owners and tenants of office and apartment buildings as well as government, to invest in energy efficiency, which is vital in the fight against climate change.”

LCAL is a federal government-funded independent company with an initial $100 million funding for energy-efficient improvements.

To read the full press release, click here.