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 | Jan 7, 2021
Workers on some of Virginia’s major construction projects sue subcontractors for wage theft
Projects include new General Assembly Building, outpatient facility at Virginia Commonwealth University.
Codes and Standards | Jan 5, 2021
EPA finalizes first major update to Lead and Copper rule
Will accelerate pace of lead service line replacement.
Codes and Standards | Jan 5, 2021
Flood risk for affordable housing expected to triple by 2050
Some communities will have 90% of their affordable housing at risk.
Codes and Standards | Jan 4, 2021
Ranks of remote workers expected to double in five years
Nearly 23% of employees will work from outside of offices.
Codes and Standards | Dec 28, 2020
CSI and ASTM standards can now be connected through a central location
CROSSWALK web service accesses standards specific to projects from feasibility to turnover.
Codes and Standards | Dec 28, 2020
Dept. of Energy offers Better Buildings Field Validation Results Hub
One-stop-shop for information associated with technology validations in buildings.
Codes and Standards | Dec 28, 2020
2021 Defense Authorization Act includes mass timber provision
Directs defense, agriculture secretaries to review potential for wood frame construction on defense building projects.
Codes and Standards | Dec 28, 2020
New York City proposal would require rainwater detention tanks for new development
Rule would apply to projects on lots sized 20,000 sf or larger.
Codes and Standards | Dec 17, 2020
Energy efficiency as a service gaining ground as financing approach for adopting innovations
Building owners can invest in new technology with no upfront cost.
Codes and Standards | Dec 16, 2020
Resources available to address Legionella threat
Buildings reopened after extended pandemic closure are at risk.