Many commercial real estate companies are in line to reduce their carbon emissions. From faraway net-zero goals to environmental, social governance (ESG), it's the thing to do for investors and a moral obligation, they will say.
Now, the government is coming up big to assist. The Inflation Reduction Act of 2022, passed last week, aims to fight climate change and address record inflation. It includes policies that will invest in U.S. energy production, reduce carbon emissions and ensure American infrastructure is affordable, reliable, clean and secure.
This agreement comes with its own policy "promises" to aggressively reduce emissions by 2030 within the building sector and drive low-carbon procurement. The world's biggest culprits, India and China, of course, are not included.
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