Stephen Del Percio on Cap and Trade

If it passes the Senate in its current form, the Waxman-Markey legislation could have serious repercussions for the real estate industry in terms of the energy efficiency mandates that it would impose. Earlier this year, the North American Industrial and Office Properties association commissioned a study to determine the feasibility of the 30 percent reductions in energy that would be imposed by Waxman-Markey. NAIOP focused on a four-story commercial office building in three different climate zones and concluded that, although efficiencies of 14 to 23 percent were possible given current technologies within a seven-year payback period, the 30 percent reductions that Waxman-Markey now contemplates would be extremely difficult for most building owners and operators to achieve absent significant financial incentives at the state and local levels. If passed in its current form, the legislation could thus impact all types of businesses if owners and operators seek to bridge that gap by passing the additional costs of compliance along to tenants or their customers.

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One Response to “Stephen Del Percio on Cap and Trade”

  1. Good post mate!! Keep ‘em flowing!

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