News & Analysis as of

Energy Efficiency Climate Change

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - May 2024 #2

Good afternoon! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past week and forthcoming climate-related events and hearings...more

Hogan Lovells

Cross-border Real Estate ESG: How will the EPBD affect EU member states… and what about the US and UK?

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What is the latest position on the Energy Performance of Buildings Directive (EPBD)? How will different EU member states implement the new regime? How is the UK grappling with the need to improve energy performance across the...more

Troutman Pepper

U.S. Government Plans to Leverage Public-Private Partnerships to Make Federal Buildings More Energy Efficient

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As the nation’s largest energy consumer, the U.S. federal government plans to curb greenhouse gas emissions across its expansive portfolio of more than 350,000 federal buildings. In a pioneering move, the Biden administration...more

Bowditch & Dewey

Leading the Way to a Greenhouse Gas Limited Future, 29 Massachusetts Cities and Towns Opt in to the Commonwealth’s Specialized...

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As of November 19, 2023, twenty-nine cities and towns have opted in to the Specialized Energy Code by local legislative action. The towns include Brookline, Cambridge, Somerville, Watertown (effective July 1, 2023); Acton,...more

BCLP

Minimum Energy Efficiency Standards - here to stay or at risk of becoming redundant?

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In September, ahead of the Conservative party conference, Rishi Sunak announced a step back from the Government’s net zero policy and targets.  This was followed up last week by the Government’s formal response to the Climate...more

A&O Shearman

Update – Germany tightens energy efficiency requirements: New challenges for companies and data centers

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On 21 September 2023, the German Parliament passed the heavily discussed German Federal Act on the Increase of Energy Efficiency (Energieeffizienzgesetz – EnEfG) that aims at significantly increasing energy efficiency...more

Jones Day

Decarbonizing the Health Care Sector

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At a global level, the decarbonization of the health care sector has been coordinated by the World Health Organization (WHO) COP26 Health Programme, launched at the COP26 climate summit in November 2021. Under this program,...more

J.S. Held

Energy Transition: Past, Present, & Future

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Energy transition—a phrase that is often used as though everyone understands its meaning. In fact, few know what it means, or they have varying opinions as to what it means. As it has been stated elsewhere, “Energy transition...more

Foley Hoag LLP - Energy & Climate Counsel

New York State Begins Phase-Out of Inefficient Appliances in Effort to Decarbonize Buildings

One year after the adoption of New York’s Advanced Building Codes, Appliance and Equipment Efficiency Standards Act, New York has new minimum energy efficiency standards for products and appliances. The standards, which apply...more

BCLP

The greenwashing trap is set for landlords and tenants

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Climate change presents a series of risks and opportunities for companies across the board. Increasingly they are being put on the spot to demonstrate that they have these things in hand and have a credible plan. ...more

Kramer Levin Naftalis & Frankel LLP

New York City Local Law 97: A Groundbreaking Climate Change Regulation for the Real Estate Industry

Buildings account for more than 70% of the greenhouse gas emissions in New York City (NYC). To address this problem, NYC has enacted a first-of-its-kind regulation, Local Law 97 (LL97), which establishes increasingly...more

Farrell Fritz, P.C.

Green for Green: New York’s Climate Justice Working Group Identifies Qualified Disadvantaged Communities for Clean Energy and...

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The New York Climate Leadership and Community Protection Act (“CLCPA”) established ambitious targets to transform New York’s energy generation and efficiency. The CLCPA was signed into law in 2019 with goals to achieve 100%...more

Hogan Lovells

UK MEES: Reviewing a greener future

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Camilla Lamont and Paul Tonkin consider the potential effects of the MEES Regulations on commercial lease rent reviews. ESG considerations are increasingly dominating the conversation between commercial landlords and their...more

BCLP

Green retrofits - considerations for “Greening” an asset - Energy Efficiency Series - Part 4

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In our preceding articles for the Energy Efficiency series, our team examined the opportunities and risks in the context of greening existing real estate. This was linked to...more

Spilman Thomas & Battle, PLLC

North Carolina Building Code Council Evaluates Proposed Code Changes to Increase Energy Efficiency in Construction

The N.C. Building Code Council is required by North Carolina law to reevaluate the building code every six years. In light of climate change legislation enacted in North Carolina on the heels of Governor Cooper’s 2019 Clean...more

Holland & Knight LLP

Inflation Reduction Act Offers a Variety of Green Building Tax Incentives

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The IRS is currently in the process of implementing the Inflation Reduction Act of 2022 (IRA), which addresses energy, tax and health policy. According to the U.S. Environmental Protection Agency (EPA), "The Inflation...more

BCLP

MEES, the next chapter: plotting commercial real estate's route to net zero

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1 April 2023 sees the last step in the MEES phase 1 journey come to fruition – meaning that (with limited exceptions) you cannot continue to let sub-standard property (that has an EPC rating below an E) without registering an...more

BCLP

From Brown to Green: Financing Real Estate Decarbonisation - Energy Efficiency Series - Part 3

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Across the real estate sector, the discussion has often focused on “green” development such as building carbon neutral real estate. Many traditional lenders have also focused their sustainability initiatives on financing...more

Holland & Knight LLP

Are You Ready? Building Energy Performance Standards Deadlines Loom in D.C.

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In accordance with its directives under the Title III of the Clean Energy Omnibus Amendment Act of 2018 (CEDC Act), the District of Columbia's Department of Energy and Environment (DOEE) established its Building Energy...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Connections - January 2023

A Note from the Editors - Energy & Sustainability Connections brings the latest developments in energy investing, legal insights, company activity, and industry events straight to your inbox...more

Holland & Knight LLP

Tribal Provisions in the Inflation Reduction Act Address Energy, Climate Change

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In support of transitioning to clean energy and combating climate change, Congress enacted the Inflation Reduction Act (IRA) (Pub. L. 117-169) to extend, modify and enhance many existing tax incentives, create new tax...more

Opportune LLP

Top 3 Ways ESG Is Shaping The Energy Transition

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No longer viewed as a fringe concept, ESG has taken off in popularity over the last several years and evolved into a business imperative for companies to generate long-term value for their stakeholders, including members of...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Residential/Multifamily Energy Upgrade Incentives/Inflation Reduction Act and Other Recent Federal Laws: American Council for an...

The American Council for an Energy-Efficient Economy (“ACEEE”) issued on September 28th a document titled: Home Energy Upgrade Incentives – Programs in the Inflation Reduction Act and Other Recent Federal Laws (“Policy...more

A&O Shearman

LatAm H2: The Growing Importance of Low-Carbon Hydrogen in Latin America - 2022

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As the world increasingly commits to climate action, and governments and companies pledge net-zero emissions by or before 2050, it is clear that demand for hydrogen, an essential element of a low-carbon economy, is going to...more

Harris Beach PLLC

Key Tax Provisions of the Inflation Reduction Act of 2022

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On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (the “Act”) into law. Among its provisions, the Act provides the biggest investment ever in the US to fight climate change, places a cap on...more

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