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There is significant potential for the real estate community to implement energy efficiency projects that will reduce costs, enhance asset values and improve corporate reputation. Despite these benefits however, the New York City Local Law 84 Benchmarking Report (August 2012) and other research suggest that there is a significant gap between actual and optimal energy use in commercial office buildings. In this talk Patrick M. Crittenden, International Visiting Scholar to The Steven L. Newman Institute, describes how complementary public policies in Australia have helped to drive strategic energy management in the Australian real estate sector. Patrick considers how the lessons learned in Australia can be applied as New York City's Greener, Greater Buildings Plan is progressively rolled out across the real estate community.

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