
How L.A.’s Green New Deal Will Impact Property Owners
Los Angeles has presented its own version of the Green New Deal. The sustainability plan is to increase the city’s current energy reduction goals. Overall, the plan aims to move the city’s power to 55% renewable energy sources by 2025, 80% by 2036, and 100% by 2045. For commercial real estate specifically, the plan requires property owners reduce building energy consumption by 22% per square foot by 2025, 34% by 2035 and 44% by 2050. Local green legislation is becoming more p