Cities around the world are setting building performance standards (BPS) as a key measure to cut emissions and meet climate targets, according to a report from JLL.
In the U.S., 13 cities have a BPS in place and more than 30 additional cities plan to pass a BPS by no later than 2026. As of early 2024, these policies already cover about 25% of all buildings in the U.S.
BPS mandate specific building-level energy use and emissions reductions. The limits set by BPS become increasingly stringent over time and typically include sizable fines for non-compliance.
In January 2022, the U.S. launched the National BPS Coalition to help cities move from prescriptive to performance-based codes that require reductions in emissions and energy use, leaving it up to the owners to decide how to meet them. Many building owners will have to retrofit their properties to avoid a financial double whammy.
“Not only are non-compliant properties exposed to escalating fines, but they also face additional increasing risks associated with the fact that they are not low carbon properties,” says JLL’s Jaime del Alamo. “These assets could face indirect liquidity issues, for example, as they may prove more challenging to sell, leading to significant value erosion over time.”
Related Stories
Sustainable Design and Construction | Apr 9, 2019
One of the largest zero-carbon, net-zero buildings is rising in Spokane
Catalyst will be part of an innovation hub, with Eastern Washington University as its main tenant.
Codes and Standards | Apr 8, 2019
LEED v4.1 now available for cities, communities, residential/homes
The rating system emphasizes performance monitoring, fully integrated design, social equity, and human health.
Green | Apr 8, 2019
New USGBC research explores green building industry’s role in highlighting the importance of buildings as a global solution
First wave of research is part of the Living Standard initiative, which seeks to raise the quality of life for people around the world through research and storytelling.
Green | Jan 28, 2019
This is the country’s greenest academic building
Perkins+Will designed the building.
Green | Nov 15, 2018
USGBC launches LEED Zero, to address net zero carbon operations and resources in LEED green building projects
LEED Zero complements LEED to verify the achievement of net zero goals and signals market leadership in green buildings.
Green | Oct 17, 2018
USGBC survey suggests employees are happier, healthier, and more productive in LEED green buildings
Can healthier, more sustainable buildings give employers a hiring edge to attract best in class talent?
Green | Oct 15, 2018
Green, and then some: Architecture firms are helping cities raise the stakes in green design
Architecture firms are answering the call of local governments and institutional clients for higher standards in green building design.
Green | Sep 11, 2018
Chicago becomes seventh city in the world to achieve LEED for Cities Platinum certification
It is the highest level of certification available from the U.S. Green Building Council.
Green | Aug 28, 2018
Chattanooga’s Miller Park set to open after $10.3 million overhaul
Spackman Mossop Michaels and Eskew Dumez Ripple partnered on the project.
Green | Aug 16, 2018
Vertical gardens: Wellness oases in the urban jungle
When there’s only so much real estate available in urban centers for parks, how’s a developer to bring in more green with biophilic design?
