The Impact of Carbon Regulations on Commercial Real Estate

In the US cities like New York, Boston and Washington DC have recently introduced new carbon regulations that are specific to commercial real estate. Many of these regulations require commercial buildings to not only publicly disclose their carbon performance but to also meet increasingly stringent limits on their carbon emissions or else they face fines. There's evidence that stacking up that it will be difficult for many landlords and building owners to meet these targets based on their current performance without first undergoing major retrofits or refurbishments.