Boston’s groundbreaking law cutting large buildings’ greenhouse gas emissions is set to gain a set of teeth, but a leading real estate group says the measure could drive up rents and make the affordability crisis worse.
Boston officials set a schedule for large building owners to begin complying with new regulations designed to halve carbon emissions by 2030.
Developers and landlords face difficult decisions about how to finance work to to control energy costs and comply with decarbonization regulations. Mike Doty and Nuveen Green Capital say they can offer an affordable solution.
Is another sustainability regulation coming down the line for Boston developers? Traditional commercial building materials such as steel and concrete are drawing scrutiny from regulators as a potential contributor to the building sector’s carbon footprint.
Robert Cooper’s Worcester proptech startup Embue says it can predict which of the “hundreds or thousands” of Boston apartments that will have to start paying carbon emissions fees in the next few years.
As new regulations prod the building sector toward decarbonization, they could align landlords’ and tenants’ financial incentives to help reduce commercial real estate’s climate impact.
Boston Mayor Michelle Wu is proposing that all new buildings larger than 20,000 square feet should emit net-zero carbon from the day they open.
Winthrop Center’s energy-efficient design is setting a new standard, and helping it attract anchor tenants, too.
Today, the city of Boston has some of the most ambitious climate goals in the country, with institutions across the city grappling with ways to maximize energy and financial efficiency during a pivotal moment in the ongoing national discourse on the environment.
A referendum in Maine spells big trouble for both office building owners and developers in Boston as they scramble to meet the city’s tough, new carbon emissions rules.
Chris Gray looks at commercial properties through an energy efficiency lens to help Boston-based Taurus Investment Holdings evaluate potential acquisitions, at a time when landlords are creating efficiencies through operational upgrades, and reducing their exposure for capital upgrades.
Based on input from the business community, Boston’s new requirements for carbon neutrality in the city’s commercial buildings are clearer and more achievable. But hard work remains to make BERDO 2.0 succeed.
The city of Boston’s goal of reducing carbon emissions will impose new energy-efficiency requirements on landlords of large buildings in the wake of a city council vote.
