In the UK, an April update to the minimum energy efficiency standards (MEES) regulations for non-domestic buildings means large swathes of commercial real estate will have to improve their energy performance or face closure. As climate change dominates the headlines once again, building regulators will double down on environmental commitments, and commercial real estate owners will be forced to make hard decisions about the future of their assets and the smart investments that could save them. “Large-scale action in all sectors of the economy will be required, including tackling emissions generated by the building stock, which accounts for 31% of our national emissions. Energy efficiency is vital in reducing emissions, and in preparing non-domestic buildings for low carbon heat,” reads a UK government report. “It is one of the most cost-effective ways in which businesses can reduce their energy use and lower the associated bills in the buildings they occupy, improving the productivity of UK […]