Law makers in Europe got it wrong when they put the onus on developers to cut carbon emissions from their buildings, Land Securities chief executive Francis Salway told delegates today.
Speaking at an event organised by the British Property Federation to look at how the green agenda can survive the recession, Salway said that developers had to work with occupiers if carbon emissions were to be reduced.
'One party owns a building and a different party occupies the building and enjoys lower costs," he said. "the regulations that have come out totally failed to address this. It basically doesn't work.'
Salway said there had to be greater dialogue between occupier groups and the property industry to ensure energy saving devices were utilised.