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 […]
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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 […]