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Net Zero Certification Program Announced by USGBC

Green Building Law Update

There is no doubt that the newly announced LEED net zero certification program is aspirational. USGBC announced last week that it will be unveiling the Beta version of a new Net Zero Certification program at Greenbuild in November. Net Zero Carbon Emissions Certification: Projects must achieve a carbon balance of zero.

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Green Building Transactional Due Diligence

Green Building Law Update

As ever larger numbers of green buildings are bought and sold, due diligence related to the green features of commercial buildings takes on an increasing importance. Green Building Council, was also a co-originator of Phase I ASTM standard. It is curious that Mike Italiano, one of the three founders of the U.S.

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45L Energy Efficient Home Tax Credit Extended for 2021 by Covid Relief Bill

Green Building Law Update

133, signed into law by President Trump on December 27th, extended the 45L energy efficient home $2,000 tax credit, which had been scheduled to expire last year, to cover qualified new energy efficient homes sold or leased through 2021. The Consolidated Appropriations Act, 2021, H.R.

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Army Abandons LEED Certification

Green Building Law Update

Instead, the Department of Defense is going to simultaneously require compliance with its green building code and with LEED certification. Read more here: Defense Department to Adopt Green Code and LEED. We have entered a new era of green building policy. The Army is abandoning LEED certification.

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FTC Regulates What You can Say about Your Solar Panels

Green Building Law Update

A business that generates renewable energy, say, with solar panels, but sells the Renewable Energy Certificates (RECs) for that renewable energy may not then claim it “uses” renewable energy. Among the relevant language in the Green Guides is, §260.15 The Federal Trade Commissions has prescribed that such would be deceptive.

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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

Ground Leases. The General Assembly passed several bills relating to ground leases during the 2020 legislative session. The redemption or extinguishment of the ground rent is effective to conclusively vest a fee simple title in the ground lease tenant when the ground lease tenant records the certificate in the county land records.

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Green Building Bonds as a Game Changing New Source of Capital

Green Building Law Update

Regency Centers Corporation, a publicly traded REIT, completed the sale of $250 million of “green building bonds” on May 14, 2014. ” Only days before the green building bond sale, on May 12, 2014, Regency was honored by the U.S. Green building bonds are a new investment vehicle in the U.S.

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