BLEED 10.75” TRIM 10.5”
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Report Criticizes Mandatory Energy
Labeling for Commercial Buildings The Washington, D.C.-based Building Owners and Managers Association (BOMA) International and Greater Boston Real Estate Board (GBREB) have released “An Economic Perspective on Building Labeling Policies.” The report, co-authored by Harvard University Environmental Economist Rob- ert N. Stavins, examines the extent to which mandatory building energy labeling results in reduced energy use. ¶ The project was prompted by increased interest in laws mandating energy scores and energy-efficiency programs throughout the U.S. and in Massachusetts. The city of Boston is currently considering mandated reporting for office buildings, apartments and condominiums. Although BOMA and GBREB are committed to en- ergy efficiency and many other measures intended to protect the environ- ment, the organizations are opposed to policies that arbitrarily intervene with market forces, assign market value to buildings, stigmatize property or otherwise interfere with transactions. ¶ According to Stavins and his colleagues from the Analysis Group, a Boston-based economic consulting firm that helped conduct the review, there is no credible evidence to date that a regulatory approach is effective in achieving the goals for which they are intended. ¶ To read the report's findings and comments from retrofit's e-newsletter readers, visit
wp.me/p3cC5a-1BD.
U.S. Should Place "More Emphasis" on Each Source of Domestic Energy Production, by Region
Solar power Wind
Natural gas Oil
Nuclear power Coal
All Americans 76% 71% 65% 46% 37% 31%
SOURCE:
WWW.GALLUP.COM
East Midwest South West 79% 75% 74% 78% 74% 75% 65% 72% 62% 58% 68% 68% 38% 43% 53% 46% 38% 28% 42% 38% 25% 27% 40% 28%
ACEEE OUTLINES 16 POLICIES TO INCREASE ENERGY-EFFICIENCY INVESTMENT
The American Council for an Energy- Efficient Economy (ACEEE), Washington, D.C., has released a report highlighting 16 policies that would remove market barriers to investment in energy ef- ficiency. The report, “Overcoming Market Barriers and Using Market Forces to Advance Energy Efficiency,” provides Congress and state policymakers with a roadmap to address national energy consumption through policies that could save the country approximately $1 trillion in energy bills and 19 quads in energy consumption.
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The report discusses targeted poli- cies that leverage market mechanisms and address specific market failures to energy efficiency without requiring substantial spending or government mandates. For example, the development of a comprehensive building labeling and benchmarking program could save approximately 1.6 quads of energy and $60 billion between 2014-30. Even more impressive are the benefits gained from adjusting corporate tax legisla- tion to encourage the replacement of inefficient equipment and from removing regulatory barriers to combined heat and power projects. These policies could reduce national energy consumption by 7 quads and save the economy close to $300 billion. “We want to show policymakers that there are a number of cost-effective poli- cies that could promote energy efficiency and kick start the economy at the same time. This report highlights a number of inventive approaches that we haven’t made much use of to date,” says Shruti Vaidyanathan, ACEEE senior research analyst and the report’s lead author. The report includes policy inter- ventions targeted at residential and commercial buildings, the industrial and transportation sectors, as well as a number of policies with economy-wide benefits. For each measure, the report provides a brief description of the policy, its legislative history, general estimates of associated costs and benefits, and recommendations about future policy design.
To read the report, visit
aceee.org/ research-report/e136.
18 RETROFIT // May-June 2013
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