Cities around the world are setting building performance standards (BPS) as a key measure to cut emissions and meet climate targets, according to a report from JLL.
In the U.S., 13 cities have a BPS in place and more than 30 additional cities plan to pass a BPS by no later than 2026. As of early 2024, these policies already cover about 25% of all buildings in the U.S.
BPS mandate specific building-level energy use and emissions reductions. The limits set by BPS become increasingly stringent over time and typically include sizable fines for non-compliance.
In January 2022, the U.S. launched the National BPS Coalition to help cities move from prescriptive to performance-based codes that require reductions in emissions and energy use, leaving it up to the owners to decide how to meet them. Many building owners will have to retrofit their properties to avoid a financial double whammy.
“Not only are non-compliant properties exposed to escalating fines, but they also face additional increasing risks associated with the fact that they are not low carbon properties,” says JLL’s Jaime del Alamo. “These assets could face indirect liquidity issues, for example, as they may prove more challenging to sell, leading to significant value erosion over time.”
Related Stories
| Aug 3, 2016
GREEN BUILDING GIANTS: Sustainability leaders turn to wellness and technology to get an edge
AEC leaders in green building are stepping up to a higher level of innovation and to be a green leader today, you have to dig deeper into data.
| Aug 3, 2016
Top 60 Green Building Engineering Firms
Jacobs, AECOM, and Arup top Building Design+Construction’s annual ranking of the nation’s largest green building sector engineering and E/A firms, as reported in the 2016 Giants 300 Report.
| Aug 3, 2016
Top 90 Green Building Construction Firms
Turner Construction Co., Clark Group, and Hensel Phelps top Building Design+Construction’s annual ranking of the nation’s largest green building sector construction and construction management firms, as reported in the 2016 Giants 300 Report.
| Aug 2, 2016
Top 130 Green Building Architecture Firms
Gensler, Stantec, and HOK top Building Design+Construction’s annual ranking of the nation’s largest green building sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.
Sponsored | Green | Jul 29, 2016
Collaborating for a greener world
As one of the leading manufacturers of coating products in the world, Valspar is setting an example for the entire industry by incorporating best practices and materials into their coatings
Green Specifications | Jul 26, 2016
New Miami Beach law requires LEED certification on projects larger than 7,000 sf
LEED Silver the prescribed standard on buildings larger than 50,000 sf.
Green | Jul 18, 2016
Newark passes nation’s first ‘environmental justice’ ordinance
Requires city planning officials to get more information from developers to ensure healthy, sustainable projects.
Green | Jul 6, 2016
U.S. healthcare system’s GHG emissions rise 30% in past decade
If U.S. healthcare were a country, it would rank 13th in GHG emissions.
Green | Jul 1, 2016
Green Business Certification Inc. names Kirksey Architecture LEED Proven Provider
Kirksey is the first Houston-based firm with designation and role as high-quality LEED administrator