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
| Jan 2, 2014
Sacramento utility maintenance facility earns LEED Platinum, targets net zero
The Sacramento Municipal Utility District’s new maintenance facility, which is targeting net zero, has received LEED Platinum certification.
| Dec 27, 2013
Grand Cancun to be first net-zero energy luxury eco-tourism resort
Using a marine platform concept instead of an artificial island, the development will create more space with less impact in the fragile marine ecosystem.
| Dec 26, 2013
WDMA launches project to create ISO-compliant architectural doors
WDMA's National Architectural Door Council has initiated a project to create ISO-compliant Product Category Rules for architectural wood flush and stile and rail doors
| Dec 17, 2013
Nation's largest net-zero K-12 school among winners of 2013 Best of Green Schools award
The Lady Bird Johnson Middle School in Irving, Texas, was named a winner of USGBC's annual award, along with nine other schools, individuals and communities working toward the common goal of healthy, high-performing learning places.
| Dec 16, 2013
Irving, Texas building state’s second net-zero school
Lee Elementary School, scheduled to open in fall 2014, will be net-zero-ready, and if the school board decides to sell district bonds and allow the purchase of additional solar panels, will be a true net-zero facility.
| Dec 10, 2013
16 great solutions for architects, engineers, and contractors
From a crowd-funded smart shovel to a why-didn’t-someone-do-this-sooner scheme for managing traffic in public restrooms, these ideas are noteworthy for creative problem-solving. Here are some of the most intriguing innovations the BD+C community has brought to our attention this year.
| Dec 9, 2013
What is life cycle cost optioneering?
Life cycle cost optioneering is a way of assessing alternative design options, analyzing their long-term capital and operational costs to identify those with the lowest price tag, over the entire life cycle.
| Dec 9, 2013
Skaneateles, N.Y., converts old firehouse to net-zero village hall
The Finger Lakes village of Skaneateles, N.Y., renovated its vacant firehouse into Skaneateles Village Hall, the first municipal net-zero energy building in the state of New York.
| Dec 2, 2013
Security is key component of Army’s net-zero assessment strategy
For the U.S. Army, creating secure sources of energy is an important driver for its net zero goals. Critical military missions are at a high risk of failure in the event of an electric grid failure, according to a Defense Science Board report.
| Nov 27, 2013
LEED for Healthcare offers new paths to green
LEED for Healthcare debuted in spring 2011, and certifications are now beginning to roll in. They include the new Puyallup (Wash.) Medical Center and the W.H. and Elaine McCarty South Tower at Dell Children’s Medical Center of Central Texas in Austin.