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News Feed:

Chicgo SkylineA recent ordinance, proposed by the city’s mayor, Rahm Emanuel, will require all of Chicago’s largest buildings to track and verify its energy consumption, according to an article published by Multi Housing News.  

The ordinance, which would require data to be verified by a licensed architect, engineer or other city-recognized professional every three years, gives the city authority to publicly disclose the energy efficiency for these buildings.  

In fact, approximately  3,500 commercial, residential, and municipal buildings measuring more than 50,000 square feet that would be required to benchmark its energy consumption using a free web-based tool: the EPA’s Portfolio Manager. So that by June 2015, the city can publish an annual report on energy efficiency and publicly release the information.

Of course, the driving force behind having Chicago buildings to benchmark energy consumption is to encourage building owners to make improvements that are energy related. This in turn will stimulate the local market for energy efficienct industries and will create growth opportunities for energy service companies and contractors.

Backed by a coalition of more than 80 organizations from real estate, energy, and environmental communities that support the measure because of its potential to grow Chicago’s energy efficiency market, Chicago is now joining a slew of other cities that have adopted similar energery policies, including Minneapolis, New York City, and Seattle.

To read the full article, click here

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