Sustainability Street: We Need to Talk About Climate Regulation
Climate regulation is sweeping the nation, and commercial real estate is often the focal point of environmentalists, legislators, and regulators. Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this episode, I am joined by Anca Gagiuc, CPE's climate and energy editor, and you'll also hear insights from Yardi Energy's Randy Moss. We'll take you inside some of the new groundbreaking local, state and federal rules designed to get building owners counting and reporting their carbon emissions, and making a plans for remediating them. As mentioned in previous episodes, ESG is not a voluntary practice anymore. It is increasingly mandatory, and, while these compulsory practices make the planet cleaner, they can have a big impact on operations and asset values. What these rules have in common (2:00) Local Law 97 in action (3:14) The role of RECs (7:20) Boston's Local Law 97 (10:47) California's Climate Accountability Package (13:13) The "California Effect" and regulations to come (17:05) Will the final SEC Climate Disclosure Rules stick? (21:24)