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
Sports and Recreational Facilities | Nov 14, 2016
Soccer stadium from Zaha Hadid Architects will be constructed almost entirely of wood
The architects say the project will be the greenest soccer stadium in the world once completed.
![Applying modern energy codes to building envelope retrofits [AIA course]](/sites/default/files/styles/list_big/public/OPENERHoffmann9.jpg?itok=uE70VdED "Applying modern energy codes to building envelope retrofits [AIA course]")
Green | Oct 27, 2016
Applying modern energy codes to building envelope retrofits [AIA course]
When applying current energy codes to existing buildings, a number of issues arise, particularly where the building exterior is concerned, writes Hoffmann Architects' Bradley Carmichael. This AIA CES Discovery course is worth 1.0 AIA CES HSW learning unit.
Green | Oct 12, 2016
Acting as a giant air purifier, this tower could help solve China’s pollution problem
The 23-ft tall tower operates almost entirely on wind energy.
Codes and Standards | Oct 10, 2016
New sustainable landscape development and management credential launched
GBCI offered the first testing opportunity Oct. 3 at Greenbuild
Codes and Standards | Oct 6, 2016
Obama administration will spend $80 million for smart cities initiatives
The technology is targeted for climate, transportation, resiliency.
Lighting | Oct 6, 2016
Healthcare systems lighting their way to savings
There has been a rapid improvement and availability of LED products as primary light sources in most healthcare facility applications.
Green | Oct 6, 2016
AIA Report: Mixed results in design projects meeting 2030 Commitment targets
More buildings are meeting certain goals, but energy intensity reduction results have flat lined
Green | Oct 6, 2016
GBCI announces arc, a new technology organization to measure and compare green building performance
Arc is a platform that will allow any building to participate and immediately start measuring performance, make improvements, and benchmark against itself.
Green | Oct 4, 2016
The Clear Orb is one of the shortlisted projects for 2016 Land Art Generator Initiative
Designed by Heerim Architects & Planners, The Clear Orb would produce just under 600 million gallons of clean water annually.
