Last Friday, President Obama committed to putting $2 billioninto energy upgrades of federal buildings as part of the BetterBuildings Initiative (funded by private and public sources),demonstrating further commitment to pushing for sustainablebuildings. Read more on the Initiative here.
On a related topic, the federal government already mandates thatits agencies lease space in Energy Star-labeled buildings. Ifyou are a building owner, are you recognizing the opportunity toattract government lessees with energy upgradesand/or an ENERGY STARlabel?
The 2007 the Energy Independence & Security Act(EISA 2007) was intended to aggressively reduce ournation’s energy consumption. Section 435 of the EnergyIndependence and Security Act mandates that “no Federal agencyenter into a leasing contract on or after December 19, 2010, forany building that has not earned the ENERGY STAR label in the mostrecent year, unless the space requirement is in compliance withspecific exceptions provided in the EISA statute.”
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Tony Liou
Tony Liou is the founder and President of Partner Energy, a division of Partner Engineering and Science that offers helps its clients improve their properties’ energy, water, and carbon efficiency, as well as property resilience and sustainability. Tony frequently shares his insights and discusses best practices at speaking engagements and through industry publications. He has presented at conferences including MBA CREF, NAREIM Meetings, CREFC Annual Conference, Environmental Banker Association (EBA) Annual Meeting, and IMN ESG Forums.
