A big debate in commercial real estate is brewing on mandatory “public disclosure” of energy performance.
Does requiring buildings to participate in a program like ENERGY STAR then make that information available to the public encourage buildings to become more energy efficient?
I think that it does.
First, requiring buildings to just participate in ENERGY STAR is a great idea. It’s simple. and straightforward. It’s well-accepted as a reasonable standard for measuring building energy performance. And, industry statistics show that joining ENERGY STAR leads to annual energy savings of over 2%. It gets building teams focused on energy without spending a dime.
Second, public reporting of ENERGY STAR ratings creates healthy competition. It allows buildings to compare themselves to peers in the market and strive to be better. And hopefully, it gives a marketing edge to the best-performing buildings.
That’s a very strong incentive to reduce energy consumption.
Let’s enact regulations to take full advantage of it.