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In real estate, green isn’t the new black — not yet. But if the capital markets continue demanding greater sustainability and increasing the pressure on portfolios with high carbon emissions, it may soon be impossible for owners to stay in the black if they don’t go green.

Last month, many of the global economy’s movers and shakers convened with heads of state and policymakers at the United Nations climate change conference, known as COP26. Pledges were made, speeches were given, and urgent statements about the need to tackle the climate crisis were issued. But did anything substantial emerge that the real estate industry — a leading contributor to climate change — can act upon?