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Buildings account for a whopping 37% of global emissions, but are often not top-of-mind for those interested in mitigation. Fortunately, policies known as "building performance standards" are growing in popularity, have a track record of success, and function much like a conceptual carbon price.
“There’s an enormous amount of existing building stock,” said Veronique Bugnion, CEO of ClearlyEnergy, a Maryland-based consulting firm. “To tackle the emissions of the existing buildings, new tools were required and that’s where building performance standards came from.”
A report from ClearlyEnergy and the Northeast Energy Efficiency Partnerships (NEEP) provides key performance metrics for eight of the fourteen BPS policies currently adopted across the U.S.