The American Institute of Architects (AIA) has joined with CO2toEE coalition to endorse building owner participation in carbon cap-and-trade programs.
The aim is to make businesses and building owners eligible for reductions in carbon emissions resulting from their investments in energy efficiency. A cap-and-trade system limits the amount of pollution large corporations and utilities discharge.
Under such systems, utilities and corporations buy and sell rights that allow the release of greenhouse gases into the air. A company or utility that reduces its pollution would be financially rewarded under such programs.
“This change makes the carbon market more efficient by assigning the value of carbon reductions where it belongs — to the people who actually make them,” said Angela Brooks, FAIA, managing principal at Brooks + Scarpa, and 2018 chair of the Institute’s Committee on the Environment. “With the adoption of CO2toEE, the cap-and-trade market can be harnessed to reward energy efficiency investors with the value of the CO2 reductions they create.”
Related Stories
Codes and Standards | Oct 20, 2016
New cross-laminated timber fire tests back proponents of high-rise wood structures
'Demonstrating for the first time the feasibility of tall mass timber buildings in the U.S.’
Codes and Standards | Oct 14, 2016
ASCE issues first tsunami-safe building standards
The new standards will become part of international building code.
Codes and Standards | Oct 12, 2016
Making concrete greener
The high energy-consuming material can be made more sustainably.
Codes and Standards | Oct 11, 2016
Historic preservation moving beyond saving grand old buildings
National Trust for Historic Preservation CEO says the focus is on saving cities, not just buildings
Codes and Standards | Oct 10, 2016
Los Angeles voters will decide whether high-density developments should be harder to build
A March vote on the Neighborhood Integrity Initiative would put 2-year ban on zoning changes
Codes and Standards | Oct 10, 2016
New sustainable landscape development and management credential launched
GBCI offered the first testing opportunity Oct. 3 at Greenbuild
Codes and Standards | Oct 6, 2016
Obama administration will spend $80 million for smart cities initiatives
The technology is targeted for climate, transportation, resiliency.
Codes and Standards | Oct 6, 2016
New York City files criminal charges on owner for deadly building façade accident
The owner allegedly did not heed warning about danger of the crumbling exterior.
Codes and Standards | Oct 5, 2016
New York becomes the first city to adopt a target for energy storage
Mayor de Blasio also announces increased solar generation goals
Codes and Standards | Oct 4, 2016
New global residential floor space measurement standard unveiled
The new standards will produce better transparency and are said to benefit investors.
