Sydney’s waterfront Barangaroo development is to become one of 16 developments around the world to take part in the Clinton Climate Change initiative.

The project is aiming to become “climate positive”, by producing more water than it uses, being carbon neutral and generating zero waste, with the potential to clean up more waste than it produces.

Planning minister, Kristina Keneally, is signing the agreement today with chairman of the Clinton Climate Initiative, Ira Magaziner.

“Barangaroo will be one of the first CBD districts in the world to be carbon neutral, water positive and generate zero waste,” Keneally said.

“That partnership will address climate change, focusing on ways to accelerate deployment of low emission technologies in government-owned buildings,” Keneally said.

The partnership could also help identify opportunities for commercial-scale solar projects.

Chairman of the Clinton Climate Initiative, Ira Magaziner, welcomed the news.

“I congratulate Barangaroo on its vision and approach in creating a property development that will minimize its environmental impact,” Magaziner said.

“By participating in the Climate Positive Program, Barangaroo will help to set new standards in urban development and hopefully inspire other developments across Sydney and the world to follow.”

Launched in May 2009 by the Clinton Climate Initiative, a program of the William J. Clinton Foundation, in partnership with the U.S. Green Building Council, “Climate Positive” supports the development of large-scale urban projects striving to reduce the amount of on-site CO2 emissions to below zero.