{"id":1004024465,"date":"2010-11-19T08:21:15","date_gmt":"2010-11-19T16:21:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004024465"},"modified":"2022-12-08T14:38:47","modified_gmt":"2022-12-08T22:38:47","slug":"special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\/","title":{"rendered":"Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation"},"content":{"rendered":"<p>November 19, 2010<br \/>\nBy Erika Schnitzer, Managing Editor, Multi-Housing News<\/p>\n<div id=\"attachment_1004024466\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004024466\" data-attachment-id=\"1004024466\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\/jurvetson\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg\" data-orig-size=\"500,451\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"jurvetson\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user jurvetson&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg?w=500\" class=\"size-medium wp-image-1004024466\" title=\"jurvetson\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg\" alt=\"\" width=\"300\" height=\"270\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg?resize=300,271 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004024466\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user jurvetson<\/p><\/div>\n<p>CHICAGO &#8211; With his oath of office in 2009, President Barack Obama brought hope to the industry of some legislation standardization with regard to energy usage. Now, with different parties controlling the House and Senate, it seems unlikely that his administration will be able to pass any legislation on the issue, according to panelists at a session, entitled \u201cThe Impact of Energy Legislation on Real Estate\u201d at the 2010 Greenbuild International Conference and Expo.<\/p>\n<p>While job creation is currently Congress\u2019 number-one priority, it\u2019s important that the policymakers don\u2019t make matters worse for the real estate sector, asserted Duane Desiderio, vice president and counsel of the Real Estate Roundtable.<\/p>\n<p>Regulation is necessary because so many aspects of the real estate world do not currently have a national standard (though some states and localities do), pointed out Dan Probst of Jones Lang LaSalle. These include codes and standards, reporting and benchmarking, audits and retro-commissioning, labeling and certification, and financial incentives.<\/p>\n<p>While incentives are often difficult to keep up with, Probst emphasized the importance of keeping up-to-date and being ready to jump in when new initiatives are offered. Learn about what is going on, he said, and keep pace with new technologies and tools that are available.<\/p>\n<p>And, while disclosure has not become a national requirement just yet, transparency does enable better buying (and selling) decisions, Probst noted, adding that he believes there will be a push for disclosure in the U.S., and companies should know where they stand before this becomes a requirement.<\/p>\n<p>Despite this lack of standardization, however, many real estate companies do voluntarily measure, track and report the performance of their buildings, Probst pointed out. And, he explained, there are a few reasons why they do this, including (among others): to be perceived as progressive, as well as international accords; since many large companies are multinational, they have to comply with other standards overseas. The physical impact of weather-related emergencies can also have a tremendous impact on the industry, especially since the insurance industry now considers climate change to be the number-one risk.<\/p>\n<p>Desiderio predicts that, if any energy legislation is passed with the new Congress, financial incentives\u2014particularly for retrofits\u2014are likely to come into play, particularly since 2014, with $1.4 trillion of commercial real estate debt coming due, will prove to be an opportune time to begin such projects.<\/p>\n<p>Any mandatory federal green building standard, Desiderio concluded, would likely be a prescriptive code, because a performance-based approach wouldn\u2019t be cost-effective. And, multi-tenant commercial spaces, including multifamily and shopping center space types, would find any requirement difficult unless data and privacy concerns surrounding utility bills are resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With his oath of office in 2009, President Barack Obama brought hope to the industry of some legislation standardization with regard to energy usage. Now, with different parties controlling the House and Senate, it seems unlikely that his administration will be able to pass any legislation on the issue, according to panelists at a session, entitled \u201cThe Impact of Energy Legislation on Real Estate\u201d at the 2010 Greenbuild International Conference and Expo.<\/p>\n","protected":false},"author":936,"featured_media":1004024466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004024465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation\" \/>\n<meta property=\"og:description\" content=\"With his oath of office in 2009, President Barack Obama brought hope to the industry of some legislation standardization with regard to energy usage. Now, with different parties controlling the House and Senate, it seems unlikely that his administration will be able to pass any legislation on the issue, according to panelists at a session, entitled \u201cThe Impact of Energy Legislation on Real Estate\u201d at the 2010 Greenbuild International Conference and Expo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-11-19T16:21:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:38:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/jurvetson.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation\",\"datePublished\":\"2010-11-19T16:21:15+00:00\",\"dateModified\":\"2022-12-08T22:38:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/\"},\"wordCount\":476,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/11\\\/jurvetson.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/special-report-greenbuild-panelists-say-financial-incentives-likely-to-be-a-part-of-any-energy-legislation\\\/\",\"name\":\"Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation - 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