A Guide to the Building Efficiency Mandates Sweeping Across the U.S.
Around 30 U.S. cities are implementing new building efficiency rules to reduce carbon emissions, and our interactive guide showcases a selection of them.
Property owners, especially those with national portfolios, are facing the need to navigate various regulations, and compliance may require significant investments and resources.
The consequences of non-compliance extend beyond fines, potentially affecting property value and tenant relationships, underscoring the importance of strategic preparedness.
The Urban Green Council estimates that 40 percent of NYC multifamily buildings and 80 percent of office properties could offset their emissions by the 2030 requirements using only renewable energy credits. “Renewable energy credits aren’t a great indicator of carbon emissions reduction,” said Byron Avery, VP of Strategic Sales at Prescriptive Data, a real estate tech provider that helps buildings comply with Local Law 97 and other performance standards nationwide. “Owners make the biggest impact by improving the buildings and decarbonizing at the source, rather than buying renewable energy credits.”
