Abstract
PurposeThe purpose of this paper is to show three principal aims – to highlight the gap in the international energy efficiency and carbon emission targets in relation to existing commercial real estate; to examine the contribution that such legacy stock could make to the various targets; and to provide commentary on some of the measures that are being introduced to support sustainable refurbishment in the legacy stock.Design/methodology/approachThe paper critically reviews recent academic, policy and practitioner publications.FindingsThe international sustainability agenda is being driven through via a “top‐down” approach. Targets are largely concentrated on new‐build provision and there is a limited focus on existing stock. The annual rate of replacement of commercial sector stock is minimal. Unless the existing commercial stock is addressed in a meaningful way, other measures used to address anthropogenic climate change will be undermined.Originality/valueThe paper offers an applied examination of the potential of the existing stock of commercial real estate to contribute toward achieving targeted energy efficiency and carbon dioxide reduction targets.
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