Building a Carbon-Free Future

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Building a Carbon-Free Future

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Jim Landau LEED AP Jen Jaclin
SEP 17, 2021

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Real Estate

Improving the sustainability of commercial and multi-family buildings is not only the right thing to do, but it will also reduce risk and boost real estate values long term.

In April 2019, the New York City Council passed Local Law 97, requiring large buildings in the city’s five boroughs to reduce their carbon emissions by 2024 or face potentially large fines or mitigation costs. Billed as the most stringent decarbonization mandate for buildings in the country, the policy sparked controversy. But it was also part of a broadening trend. Washington, D.C. and St. Louis have passed climate laws focused on making buildings greener, and Boston is on the verge of enacting a similar policy. At the state level, Washington has passed aggressive carbon-pricing legislation, and many believe that a federal carbon tax in the U.S. is very likely on the horizon.