We welcome the opportunity to provide feedback on City of Sydney Council’s discussion paper into all-electric future development.
As the leading peak body representing Australia’s property industry, our membership spans property developers, financiers, builders, asset managers and owners across all asset classes. The property industry shapes the future of our cities and has a deep long-term interest in seeing them prosper as productive, sustainable, and safe places.
The Property Council has long advocated for an industry-specific policy to transition our built environment to the increasingly renewable electricity grid, in line with NSW’s target of achieving net zero emissions by 2050. We commend the City of Sydney’s work to date in supporting electrification and decarbonisation of future development in line with these goals. The electrification of buildings is key to this transition but cannot occur without transitional arrangements and the right incentive mechanisms.
