Roundtable Weekly
House Democrats Propose Climate Framework With Measures to Reduce Buildings’ Carbon Footprint
July 3, 2020

Solving The Climate Crisis - House Democrats' Proposal

The House Select Committee on the Climate Crisis on June 30 released its blueprint for “Solving the Climate Crisis.”  The plan proposes a menu of mandates and incentives for multiple industry sectors – including commercial and residential real estate – with a goal to achieve a 100% “net zero” emissions U.S. economy by 2050.  (Summary of the 547-page report)

  • The plan is widely viewed as a roadmap the Democrats may follow for developing climate policy legislation after the November elections.  The plan is currently not expected to see any action in the GOP-controlled Senate. (Axios, July 1)
  • A series of 1-page summaries describes specific recommendations to reduce GHG emissions for “Buildings” – and for the “Electricity,” “Financial Risk,” Transportation,” and “Manufacturing” sectors.
  • The “Buildings” summary covers both new construction and existing buildings.  It includes proposals to:

    • Set federal energy benchmarking requirements for commercial buildings (which a number of states and localities have already adopted); 

    • Eliminate emissions from new buildings by 2030 by incentivizing states and cities to adopt net-zero codes;

    • Use tax incentives to drive commercial building retrofits;

    • Boost onsite clean energy generation by increasing tax incentives and rebates;

    • Reduce emissions from building construction by incentivizing building reuse and requiring federal buildings to use lower-emission building materials;

    • Increase availability of energy efficient affordable housing; and

    • For federal buildings, enact heightened standards for deep energy retrofits and emissions intensity targets.

  • Select Committee Chair Kathy Castor (D-FL) stated, “Our plan will put people back to work and rebuild in a way that benefits all of us. That means environmental justice and our vulnerable communities are at the center of the solutions we propose.” (June 30 news release)

  • The Roundtable submitted a comment letter to the Select Committee during its public participation period (see Roundtable Weekly, November 22, 2019).

  • The Roundtable’s recently released 2020 Annual Report affirms a proactive “Energy and Climate” policy agenda developed by its Sustainability Policy Advisory Committee, chaired by Anthony E. Malkin (Chairman, President and CEO, Empire State Realty Trust) and vice-chaired by Dan Egan (Senior Vice President, Vornado Realty Trust). 

The Empire State Building's successful sustainability efforts are the focus of a recent Washington Post  profile, which details the “deep retrofit”  led by Malkin and completed in 2010.  "A decade later, the Empire State Building saves more than $4 million a year on its electric bill; the project is expected to pay for itself twice over," the Post reports.  (Empire State of Green, May 27, 2020)

#  #  #