Index Investing News
Wednesday, October 8, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

New Seattle law phases out emissions from large buildings by 2050

by Index Investing News
January 1, 2024
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Large commercial and residential buildings in Seattle will need to phase out the use of fossil fuels and other greenhouse gas emissions over the next three decades under a new city law passed this week.

The law, which Seattle City Council members voted unanimously to approve, applies to about 4,100 buildings that are 20,000 square feet or larger, including skyscrapers, retail stores, research facilities, community centers, offices and some low-rise apartment buildings.

Building owners and managers must form a plan to decarbonize before 2031 when reductions will be required for some buildings and the city could start to issue fines for inaccurate reporting or not meeting targets. Reductions would be phased in through five-year cycles starting in 2031 until 2045 and 2050 when nonresidential buildings and apartments, respectively, are scheduled to achieve emission targets.

In the Emerald City, buildings that are larger than 20,000 square feet only account for 3% of all buildings in the city but produce over one-third of total building emissions, according to a city report. After transportation, buildings make up the next largest portion of the city’s greenhouse gas emissions, at 37%.

Around 600 of the 4,100 buildings are on government property, university and hospital campuses, and the rest are nearly evenly divided between apartments and other buildings.

Buildings produce greenhouse gases through heating powered by natural gas and oil furnaces and gas stoves. Other buildings, including some on the University of Washington campus and around 200 downtown, are heated through steam systems, which is generated from a central location usually by burning natural gas.

Under the new regulation, signed into law Wednesday by Mayor Bruce Harrell, buildings are given a “greenhouse gas intensity” metric, which is calculated by taking the total emissions of a building — accounting for different fuel types — and then dividing by the building’s total square feet excluding parking.

There are several extensions and flexibilities for certain types of buildings and uses. Within each cycle, larger buildings would be required to comply before smaller buildings; affordable housing and human services buildings will not have to meet targets until the 2036 cycle.

Buildings may also be granted emissions deductions or extensions due to high vacancy rates or financial distress. For example, buildings may claim deductions for cooking equipment until 2041 since induction cooking upgrades are not widely available and affordable at scale, according to the report. Hospitals and labs will also be able to deduct emissions from emergency backup generators through 2050.

“We heard very clearly from building owners that they will need time to ramp up, so we made sure the policy has a long runway,” said Jessyn Farrell of the Seattle Office of Sustainability and Environment. “At the same time, the policy relies on sending a long-range market signal at this critical juncture to provide owners with clear direction.”

The city has already launched a program to help building owners and managers — specifically nonprofits and affordable housing providers — transition. Federal funding and around $4.5 million from the 2024 city budget will go directly toward funding engineering studies and building updates for these owners.

Nearly half of apartment buildings and a fourth of the other buildings covered under the law are already all-electric and will not require upgrades. Buildings used for industrial and manufacturing purposes are exempt from the new regulations.

The legislation had support from organizations like Climate Solutions, Shift Zero, 350 Seattle and the Sierra Club, which called the law “one of the most ambitious in the nation.” New York City, Boston and Washington D.C. have also passed similar policies targeting building emissions, according to the Sierra Club.

Large buildings have already been required to submit information to the city on energy use, fuel sources and emissions, though the new law transitions reporting to focus on emissions over energy efficiency, Farrell said. The law is intended to align with the state’s new energy efficiency standards and is separate from the measure that effectively makes installing fossil-fueled appliances in new buildings impossible.

During a committee meeting, Farrell said Seattle City Light has been working in coordination with Seattle’s Office of Sustainability and Environment and is prepared to handle the additional electricity load.

The new law is expected to reduce total building emissions by 27% citywide by 2050, compared with current levels. Combined with other existing building policies, the new law “gets Seattle about halfway toward net-zero” emissions by 2050, according to the city report. The remaining half will have to be addressed by future policies targeting buildings smaller than 20,000 square feet, including single-family homes, the report states.



Source link

Tags: buildingsEmissionsLargeLawphasesSeattle
ShareTweetShareShare
Previous Post

The House Flip That Fell Over

Next Post

Who would give this tech guy millions to build his own utopia?

Related Posts

Stonemont Delivers 259 KSF Campus in Orlando

Stonemont Delivers 259 KSF Campus in Orlando

by Index Investing News
October 7, 2025
0

429 Enterprise Heart in Ocoee includes seven Class A services. Picture courtesy of Stonemont Monetary Group Stonemont Monetary Group has...

FICO to straight license credit score scores to mortgage resellers

FICO to straight license credit score scores to mortgage resellers

by Index Investing News
October 3, 2025
0

Truthful Isaac Corp. will now promote credit score scores on to mortgage resellers. By a brand new program, mortgage resellers can...

Gordon Ramsay’s Los Angeles House Focused in ‘Swatting’ Prank That Noticed Police Referred to as to Faux Reviews of Capturing

Gordon Ramsay’s Los Angeles House Focused in ‘Swatting’ Prank That Noticed Police Referred to as to Faux Reviews of Capturing

by Index Investing News
September 24, 2025
0

Superstar chef Gordon Ramsay's Los Angeles dwelling was surrounded by law enforcement officials responding to a prank 911 name that...

Three’s Firm for Two Generations in One New England Home

Three’s Firm for Two Generations in One New England Home

by Index Investing News
September 20, 2025
0

Nina Kelley thought she’d spend the remainder of her life in Westwood, N.J., the place she and her husband lived...

Introducing the Prestigious The Tipple Home

Introducing the Prestigious The Tipple Home

by Index Investing News
September 12, 2025
0

Courtesy of Jaima Giles and Kiley Flint of LIV Sotheby's Worldwide Realty Perched on the high of the celebrated Prospect...

Next Post
Who would give this tech guy millions to build his own utopia?

Who would give this tech guy millions to build his own utopia?

Here’s what to expect in 2024 if you want to buy a home

Here's what to expect in 2024 if you want to buy a home

RECOMMENDED

What Are Present DSCR Mortgage Charges? Key Market Movers and How you can Observe Charges

What Are Present DSCR Mortgage Charges? Key Market Movers and How you can Observe Charges

August 15, 2024
Too Late to Promote, Too Early to Purchase…

Too Late to Promote, Too Early to Purchase…

June 17, 2022
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News

China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News

May 2, 2023
3475 Oak Valley Rd Unit 360 Atlanta, GA 30326

3475 Oak Valley Rd Unit 360 Atlanta, GA 30326

February 28, 2024
Fishing reminds one of the covenants between others

Fishing reminds one of the covenants between others

February 15, 2023
One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering

One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering

February 3, 2023
0,000 Homes in Mexico City

$700,000 Homes in Mexico City

April 5, 2024
FBI’s token sting operation faces copyright controversy over MIT license misuse

FBI’s token sting operation faces copyright controversy over MIT license misuse

October 10, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In