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
| Apr 16, 2012
University of Michigan study seeks to create efficient building design
The result, the researchers say, could be technologies capable of cutting the carbon footprint created by the huge power demands buildings place on the nation’s electrical grid.
| Apr 16, 2012
$80 million in export financing for solar project in India
The project, “Rajasthan Sun Technique Energy Private Limited,” is a subsidiary of Reliance Power and is being co-financed by the Asian Development Bank and FMO, the Dutch development bank.
| Apr 12, 2012
Solar PV carport, electrical charging stations unveiled in California
Project contractor Oltman Construction noted that the carport provides shaded area for 940 car stalls and generates 2 MW DC of electric power.
| Apr 6, 2012
Flat tower green building concept the un-skycraper
A team of French designers unveil the “Flat Tower” design, a second place winner in the 2011 eVolo skyscraper competition.
| Apr 5, 2012
5 tips for a successful door and window retrofit
An exclusive tip sheet to help the Building Team manage door and window retrofits successfully.
| Apr 4, 2012
San Antonio animal hospital earns LEED Platinum certification
Middleman Construction Company builds the city?s first commercial building to earn certification.
| Apr 3, 2012
Product Solutions
Two new PV systems; a lighter shelf; and fire alarm/emergency communication system.
| Apr 3, 2012
Educational facilities see long-term benefits of fiber cement cladding
Illumination Series panels made for a trouble-free, quick installation at a cost-effective price. The design for Red Hawk Elementary School stems from the desire to create a vibrant place for kids to learn. In an effort to achieve this design, RB+B Architects selected Nichiha USA to provide a durable yet modern, contemporary exterior finish.
| Apr 2, 2012
Gilbane honored for sustainability efforts in Indianapolis
Emmitt J. Bean Federal Center project team for their role in advancing sustainability in the city.
| Mar 29, 2012
Construction completed on Las Vegas’ newest performing arts center
The Smith Center will be the first major multi-purpose performance center in the U.S. to earn Silver LEED certification.
