In The News
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.”
Building Management Systems Adjust to a “Net Zero” World
Reporting on carbon emissions is no longer voluntary for much of the corporate world. The EU has had climate disclosure regulations in place for just over a year. Cities and states around the U.S. also made their own disclosure reporting rules last year, most notably California, which implemented its requirements last October. So far, the Federal government has failed to enact the SEC’s proposed new reporting standards, but it is expected to be front and center on the regulatory agenda session that starts in April of this year.
Even without federal oversight, there is more pressure than ever for companies to make climate commitments. Climate activists are increasingly targeting corporations. Investors are refusing to invest in companies without a climate action plan. Young workers are preferring to work for companies that have a sustainability-minded corporate culture.
All of this has led many companies to make carbon “net zero” pledges. These are corporate initiatives that require the company to reduce its carbon footprint to zero by a certain date. Since there is no definitive definition for net zero, some companies have tried to use carbon offsets to hit their goals. But this tactic has faced scrutiny, leading more and more companies to go even further with their sustainability goals. Of the largest 500 global companies, 66 percent now have climate commitments, 39 percent of which have a net zero target. A growing percentage of them (15 percent) are going even further by committing to being powered only by renewable energy in the near future.
Now, buildings are starting to feel the pressure from this new corporate landscape. Offices, retail locations, logistic properties, and multifamily buildings are all being asked to report on their carbon use. Most are not prepared for this new task. “Fifty-nine percent of building owners say that they don’t have the data to comply with upcoming ESG regulations, and only five percent of buildings have updated their legacy systems to be ready for the kind of building automation needed for carbon reduction,” said Gary Chance, CEO of Prescriptive Data, a building operation and HVAC software provider.
Your Building Has A Story To Tell: Let AI Narrate It
The smarter and more connected buildings become, the more complex the systems behind them must be. Each door opened, light switched on, and temperature adjusted offers a glimpse into the heartbeat of the building, painting a detailed picture of its operational rhythms. While this may sound like a headache and a complicated maze of access and permissions to IT teams, the opportunities unlocked with AI-powered buildings are unmatched. Through automation, buildings can anticipate and predict the future needs of a building, ensuring optimal performance, energy efficiency, and an enhanced user experience. Even though most buildings aren’t even at this automated level of operation, AI can take it a step further and may be the push owners and operators need to invest in smarter tech. In a world increasingly driven by data, understanding and optimizing your building’s operations is no longer a luxury—it’s a necessity.
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Indoor environmental wellness index (IEW-Index): Towards intelligent building systems automation and optimization
The impact of indoor environment quality (IEQ) on occupants’ wellness and productivity is substantial. Simultaneously, due to buildings’ significant role as one of the largest energy consumers, there is a pressing need for improved energy efficiency and intelligence in building design and operation. This paper introduces a novel indoor environmental wellness index (IEW-Index) as a real-time key performance indicator (KPI) derived from controllable factors associated with wellness. The main objective of this index is to develop a universally applicable metric for IEQ, incorporate real-time data and personalized settings, and facilitate the real-time optimization of building control systems. In addition, a novel framework based on a multi-agent system (MAS) for building control systems is introduced, encompassing a detailed design of components and communication protocols. The IEW-Index’s effectiveness has been successfully demonstrated through three real-world case studies formulated using the developed MAS framework. The findings indicate a direction for creating a sustainable building automation system that is intelligent and autonomous.