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News from Australia!

The Suleman Property Group in Melbourne is benefiting from innovative Environmental Upgrade Agreement (EUA) financing to make a tired 15-storey office block in the CBD 30 per cent more energy efficient.

In 2010, the Victoria Government passed legislation enabling Melbourne City Council to be the first city to sign environmental upgrade agreements for the environmental retrofit of commercial buildings. They are now also available in select local council areas in New South Wales where state legislation supports such agreements. Read full story.