Published November 28, 2024 on GRESB.com Introduction In the face of growing climate challenges, the push for decarbonizing commercial real estate (CRE) portfolios has gained urgency. With “decarbonization waterfall” charts, like the one shown below laying out methods such as grid decarbonization, energy efficiency, on and off-site renewable energy, electrification, and carbon offsets, it is […]
25
Oct
Oct
The Environmental Protection Agency (EPA) has recently taken a significant step by approving California’s Warehouse Actions and Investments to Reduce Emissions (WAIRE) program. This approval not only makes the program federally enforceable within California but also opens the door for lawsuits to be filed in federal court. While the WAIRE program initially allowed lawsuits to […]
12
Jun
Jun
Is your property future-proof? In this recorded live webinar, Partner Energy President, Tony Liou, and Partner Engineering and Science Technical Director, Jessica Wright, dive into strategies for climate-proofing your assets. Topics include physical and transition risks, identifying potential regional climate risks, property-specific risk assessments and resilience measures, the ASTM Guide for Property Resilience Assessment, as […]
04
Dec
Dec
Published November 2023 As concerns over climate change intensify and regulations evolve, commercial real estate investors and owners are under increasing pressure to reduce carbon footprints of their properties, or “decarbonize” them. Most recently, California passed the Climate Accountability Package, which will require a large number public and private companies conducting business in the state […]
23
Oct
Oct
California Code of Regulations Section 2644.9 – Consideration of Mitigation Factors; Wildfire Risk Models Wildfires have become a concern in California over the past several years, with catastrophic events leading to billions of dollars in damage. With changing climate patterns and extended periods of drought, the frequency and intensity of these wildfires have heightened. In […]
10
Oct
Oct
On October 7, 2023, California Governor Gavin Newsom signed into law two climate disclosure and reporting bills: the Climate Corporate Data Accountability Act or Senate Bill (SB) 253, and Climate-Related Financial Risk Act (SB 261). These two laws, together known as the Climate Accountability Package, will require certain public and private companies that conduct business […]
03
Oct
Oct
The need for EV charging stations is increasing as more consumers switch to electric vehicles. As federal and state programs push for the installation of EV charging stations to help with net-zero goals, now is the best time to consider investing in EV charging for your properties. There is a plethora of EV charging funding […]
02
Oct
Oct
Published September 2023 As CRE investors and stakeholders continue to pursue sustainability and decarbonization efforts to support their ESG policies, one effort should not be overlooked when assessing the overall efficiency of a property. The installation of electric vehicle (EV) charging stations on commercial real estate properties has multiple benefits, not only contributing to a […]
25
Sep
Sep
Multifamily buildings are a significant source of energy consumption and greenhouse gas emissions in the United States. According to the U.S. Energy Information Administration (EIA), multifamily buildings account for 17% of the total residential energy use and 14% of the residential CO2 emissions in 20191. Most of this energy is used for space heating and […]
18
Sep
Sep
Partner Energy’s Green Certification consulting practice has grown over the years, and is seeing a continuous demand for certifications in commercial real estate. In the last year, Partner Energy has also begun offering certification consulting and support for BREEAM and IREM Certified Sustainable Property (CSP) in addition to other well-established certifications such as ENERGY STAR®, […]