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The Global Alliance for Buildings and Construction recently released its “Global Status Report 2017” and the overriding theme is that more building efficiency is needed if climate change is going to be brought under control.
The report outlines that there are many opportunities to apply energy-efficient, low-carbon solutions. One official involved in the report has been quoted as saying “over the next 40 years, the world is expected to add the equivalent floor area of Paris to the planet every single week.” Of course this type of growth comes with consequences if energy efficiency is not taken into consideration.
The “Global Status Report 2017” goes as far as to stipulate that energy intensity per square metre of buildings needs to improve by 30 percent by 2030. Essentially, this means near zero emissions buildings need to become the construction standard globally within the next 10 years, to keep the Paris Agreement on course. The rate of building energy renovations also needs to improve from one to two percent a year to 3 percent, in the coming decade. This is especially important in developed countries, where the Global Alliance points out; about 65 percent of building stock is already in existence.
While this may sound like a tall order, many in the energy technology sector know that a lot of tools are already available to offset rising energy demands. The Alliance has looked at a large pool of examples and is aware that energy savings potential from improved buildings is huge. Additionally, the need for both retrofits and new green buildings spells opportunity to create new jobs and sustainable growth.
What’s Happening?
Energy Efficiency is pivotal to Sparta’s success and to the successes of all the companies in the Sparta family. Therefore, as Re-ECO Tech focuses on opportunities arising from the trend in Net-Zero community living, we are closely embracing what is being presented in the Global Status Report and are incorporating as many of their suggestions as possible.
We will continue to present how our philosophy of Doing Well while Doing Good is engrained throughout the culture of every company and we are pleased to report that while being recognized for that we are also being recognized for our business results. Based on our recently published Audited Financial Statements for FY’2017, BMO® Wealth Management Investor Line recently provided its investors with a Morningstar® Quantitative Equity Report dated February 16, 2018. Along with many other positive details and features, they presented their Sparta audience with a price/share fair valuation of $1.01/share. Obviously, this is very encouraging. It is now top of mind that we work diligently to let the rest of the investment community understand all the great things we are doing at Sparta while continuing to strengthen our financial position.
(This update contains “forward-looking information” within the meaning of applicable securities laws. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date of this update and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. In particular, this news release contains forward-looking statements relating to, among other things, statements pertaining to anticipated future operations of the Corporation and actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, necessary financing and risks associated with the environmental technologies industry in general. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.)