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UK buildings could be pulled down to meet carbon standards
Large swathes of buildings constructed in UK towns and cities during the sixties and seventies may need to be demolished to meet new carbon emission standards.
According to the British Property Federation, real estate is responsible for a huge 50 per cent of the country’s current emissions.
But the government has had no strategy to date to deal with existing commercial properties – only new ones. It has introduced targets stipulating that all new commercial buildings must generate zero carbon emissions from 2018.
Paul Morrell, who was appointed as the government’s chief construction ... |
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Better place raises $350m from HSBC-led investors
Electric vehicle network firm Better Place has announced it has signed an agreement with an HSBC-led investor consortium for new equity financing of $350m (£217m), valuing the firm at $1.25bn.
As part of the deal, Kevin Adeson, HSBC head of global capital financing, will join the Better Place board of directors, and HSBC will own about 10 per cent of the company’s shares.
Shai Agassi, chief executive of Better Place, said that the deal represented a huge step forward for his company.
“Today marks the end of an extensive process with the outcome being a decision by one of the world’s ... |
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DataApex
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