Regional and State Standards Reduce Greenhouse Gas Emissions
Scientists believe climate change is a result of greenhouse gases, which trap heat in the atmosphere. Some greenhouse gases, such as carbon dioxide, occur naturally and are emitted to the atmosphere through natural processes and human activities, while others are created and emitted solely through human activities. According to the U.S. Environmental Protection Agency (EPA), commercial buildings account for 18 percent of our nation's greenhouse gas emissions.
In recent years, public interest in climate change has increased dramatically; this has led to an increase in related legislation. Recognizing the serious issues related to global warming, IREM supports the development of voluntary standards for reducing greenhouse gas emissions.
One option for reducing pollution and greenhouse gas emissions is a program called emissions trading, or "cap and trade." Under this approach, a government agency will typically set a limit on the amount of pollutants a company or organization can emit. Each company will be allocated a number of credits equal to its limit. Companies that reduce their emissions below the threshold can then sell or trade their credits to companies that exceed the cap.
Providing an economic incentive, in the form of credits, would encourage energy-efficiency improvements and assist in paying for those upgrades. IREM supports market-based incentives for energy efficiency. Further, IREM supports federal funding of a cost/benefit analysis and research into the feasibility of an emissions trading program for the real estate industry.
Other notable developments include:
* Regional Initiatives. The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort by 10 Northeast and Mid-Atlantic states to design a regional cap and trade program covering …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Regional and State Standards Reduce Greenhouse Gas Emissions. Contributors: Not available. Magazine title: Journal of Property Management. Volume: 73. Issue: 6 Publication date: November-December 2008. Page number: 5. © 1999 National Association of Realtors. COPYRIGHT 2008 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.