Featured Sponsor
Green Building Impact Report 2008
Published November 18, 2008
Market mechanisms in the form of technology incentives and energy prices that reflect true environmental and social costs will also be needed to accomplish these goals. Smart grid technologies should be required in all new buildings and tenant build-outs. To support this, utilities should be allowed by their regulators to significantly ramp up their energy-efficiency incentive programs and institute revenue neutral (or not) sliding scale hook-up fees that reward efficient "grid-smart" buildings with low to no fees, while code-minimum buildings should get socked with hefty fees. Banks and insurance companies must increase their current offerings for green buildings to reflect the lower risks of green buildings, as well as help minimize total extra initial costs of green, which there will be as markets mature. Non-economic sweeteners, such as accelerated permit approval and density bonuses for LEED-certified buildings will also help.
In addition, policymakers will need to be less squeamish about pricing carbon. Since we know with 100% certainty that the only precisely wrong answer is zero, no matter what price they put on carbon, "approximately right" will be better than the precisely wrong price we have now. This is a policy decision, since our present 18th-century market structure is not capable of pricing social goods without intervention.
Similarly, building codes will need to improve by greater amounts and more frequently. ASHRAE should expedite the development and adoption of Standard 189 and strongly push its adoption nationwide. The market incentive programs described above will be very helpful in this regard, but we need to support the necessary changes in construction practices through training and market education about the benefits of investing in a low-carbon future.
In addition, policymakers will need to be less squeamish about pricing carbon. Since we know with 100% certainty that the only precisely wrong answer is zero, no matter what price they put on carbon, "approximately right" will be better than the precisely wrong price we have now. This is a policy decision, since our present 18th-century market structure is not capable of pricing social goods without intervention.
Similarly, building codes will need to improve by greater amounts and more frequently. ASHRAE should expedite the development and adoption of Standard 189 and strongly push its adoption nationwide. The market incentive programs described above will be very helpful in this regard, but we need to support the necessary changes in construction practices through training and market education about the benefits of investing in a low-carbon future.
In the just-published State of Green Business 2010 report, we take an extensive look at the data behind the move toward making mainstream businesses greener.
Throughout the year, GreenBiz.com publishes explorations from industry experts and our staff writers about the ways in which businesses are getting greener and saving money.
Click here to read all of our in-depth coverage of the State of Green Business, and to download the report.
In 2010, we're bringing our acclaimed State of Green Business Forum to San Francisco and Chicago, digging in to the research in the annual State of Green Business report to discover recent trends in green business and hear from industry experts about what the future will hold. Read all our coverage of the events here.
Advertisement
Featured Resources
How are companies considering carbon now that the Copenhagen summit is behind us? Did the...
This video of Saul Griffith's lightning-paced presentation at the State of Green...
In this panel discussion from the State of Green Business Forum 2010, sustainability...
These tools and resources from some of the world's largest IT companies serve as a...
In a world in which vast amounts of information are available about companies and...
This slideshow, a companion to Saul Griffith's lightning-paced presentation at the State...
Advertisement
Professional Services Directory
Find great professional service providers who specialize in green business. GreenBiz.com's Professional Services Directory lists great resources in sustainability strategies, energy efficiency, marketing, supply chain, recruiting and HR, and many more.
Site Sponsors
Get the latest insights from IBM on best practices in sustainable enterprises, and a framework for crafting energy and environmental policies. Find out more here.
Walmart Sustainability Index

Get the story behind the Walmart Sustainability Index and what it means to your business. Read news stories and insights from Joel Makower, Marc Gunther, and the GreenBiz editors.
A monthly metric on responsibility, information, and purchasing in the green economy. The Green Confidence Index is the first ongoing consumer study of its kind. Learn More.
Sponsored Links
Recent News
- Geoengineering -- Our Responsibility to the World: State of Green Business Forum 2010
GreenBiz.com - Market for Building Automation Systems to Top $36 Billion in 2015
- Perkins+Will to Receive National Building Museum's Honor Award
- Philips, Osram and Other Big Lighting Firms Create New Global Group
- Has the Economy Helped or Hurt the Growth of Green Business?
GreenBiz.com - U.S. EPA and DOE Join Forces with States to Spur Action on Energy Efficiency
- GE Launches New Ecomagination Healthcare Products, Opens Renewable Energy HQ
GreenBiz.com - Dulux Cuts Carbon, Water Footprint of Paint in Half
GreenBiz.com - Majority of Americans Still in the Dark About Federal Phaseout of Traditional Bulbs
- UNFI's Energy Efficient Lighting Helps Distribution Center Land Energy Star Status

Browse
Engage
Research





