President Biden recently signed an Executive Order to put the US back in the Paris climate accord.
Kurt Stout, executive vice president, Government Solutions at Colliers International, says the US's renewed focus on combating greenhouse emissions could affect commercial real estate, though the main impacts will be felt in the federal sector.
For clues about what Biden will do, Stout says federal property owners should look to President Obama's 2015 Executive Order that established sustainability goals for each federal agency, including reducing energy intensity by 2.5% and water use efficiency by 2% annually through the fiscal year 2025.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
