INSTITUTE FOR MARKET TRANSFORMATION
State and local governments are seeking to leverage greater building energy-performance transparency to motivate energy efficiency improvements in existing buildings. Major cities and states, including New York City, San Francisco, the District of Columbia, and California, now require building owners and operators to comparatively rate the energy performance of their buildings and disclose building energy-performance indicators to the marketplace. Existing policies are projected to impact more than 4 billion square feet of floor space annually by 2014, and similar policies are being considered in more than 10 other states and local jurisdictions.
The Institute for Market Transformation (IMT) advises state and local governments and federal agencies on the design and implementation of building energy transparency policies and programs.
Summary of Results
This study analyzes the potential of a national building energy rating and disclosure policy to create jobs and reduce energy-related expenditures in commercial and multifamily residential buildings. The analysis predicts such a policy would yield the following results:
About the Institute for Market Transformation (IMT)
“The mission of the Institute for Market Transformation (IMT) is to promote energy efficiency, green building and environmental protection in the United States and abroad. The organization’s activities include technical and market research, educational outreach, and the crafting of building codes and other policy and program initiatives. IMT works to strengthen linkages among property value, green building and energy performance.”