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Carbon Risk Real Estate Monitor
(CRREM)
Definition
A tool or framework used to assess and manage the carbon-related risks associated with real estate assets. It evaluates how vulnerable properties are to carbon regulations, energy efficiency standards, and the transition to a low-carbon economy. This monitor helps investors, property managers, and other stakeholders understand the potential financial impacts of carbon-related risks on real estate portfolios, such as increased operating costs or decreased property values, and supports informed decision-making to mitigate these risks.
Additional Notes
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