Green Building Index (GBI) will be one of the many topics that will be discussed at Chartered Institute of Management Accountants (CIMA) Green Sustainability Conference Asia 2011 which begins tomorrow (12 July 2011).
Malaysia Green Building Confederation vice president Looi Hip Peu will deliver the GBI presentation at 11am under Session two entitled Certifiably Green – What and How? at the conference which will be held at Renaissance Kuala Lumpur Hotel, which is also a venue partner of this event.
First phases of GBI Tools Launched Todate
Following the launch of the GBI Township Tool and Residential New Construction Tool on 29 March, the GBI Industrial New Construction Tool and Industrial Existing Building Tool were subsequently launched on 7 June.
These initiatives are in line with the government’s strong advocacy in promoting green buildings and sustainably built environment and Malaysia’s green agenda.
The Low Energy Office (LEO), which houses the Ministry of Energy, Green Technology and Water, was the government’s first energy-efficient building which won the ASEAN Energy Award in 2006.
The Green Energy Office (GEO), which houses the Malaysia Green Technology Corporation, was the first building to receive the GBI certification followed by The Energy Commission’s Diamond Building, which received the platinum certificate under GBI on 31 May.
Several fiscal incentives for green technology development in Malaysia have been introduced by the government.
In the building sector, the 2010 budget had announced incentives for buildings awarded with the GBI.
Minister of Energy, Green Technology and Water Datuk Sri Peter Chin Fah Kui had said at the recent launch of the GBI Industrial New Construction Tool and Industrial Existing Building Tool that building owners obtaining GBI certificates from 31 October 2009 until 31 December 2014 would be entitled to income tax exemption equivalent to the additional capital expenditure in obtaining such certificates.
“Buyers purchasing buildings with GBI certificates from developers will be given stamp duty exemption on instruments of transfer of ownership.
“The exemption amount is equivalent to the additional cost incurred in obtaining the GBI certificates.”
Apart from this, he said incentives in the form of pioneer status, investment tax allowance, import duty exemption and sales tax exemption are available for initiatives on energy efficiency and renewable energy.
Chin had also announced that his ministry was finalising the Low Carbon Cities Framework and Assessment System.
“This assessment tool will enable local councils, developers and other users to assess their carbon footprint levels, suggest strategies to be taken and then helps them to assess their carbon footrprint levels once the strategies have been applied.”
Todate, almost 180 building projects have applied for GBI certification. Of this, 25 projects have received GBI provisional certification while two projects have obtained the GBI certification.
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