The Energy Aligned Clause: Resolving the Split Incentive Problem for Energy Efficiency Upgrades

July 5th, 2012 8:30 - 9:30 am San Francisco / 11:30 - 12:30 pm New York / 5:30 - 6:30 pm Paris and Frankfurt
 
 
Energy Aligned Clause- Urban Green Council Website
 
 
Energy efficiency upgrades in buildings promise reduced operating costs, improved occupant comfort, job market stimulation and environmental benefits. However, commercial building owners have often resisted pursuing such projects in spite of these strong and clear incentives. This is especially the case when the lease imposes the burden of the capital expense primarily to owner and the tenants reap the savings in operating cost - the so-called "split incentive" problem.
 
A working group convened by the New York City Mayor's Office of Long-Term Planning and Sustainability developed a model clause for the lease to resolve the split incentive. Urban Green Council, the New York City chapter of the U.S. Green Building Council, is leading the outreach effort to help owners, tenants, brokers and attorneys understand how it works. The expectation is that widespread use of the "clause" will create an uptick in EE upgrades.
 
This AGRION webinar will enable attendees to use or recommend the Energy Aligned Clause and understand the concept and some associated nuances. Join us to explore how the Energy Aligned Clause creates a structure that allows both parties share the cost savings of these projects, protect the tenant from retrofit underperformance, and lead to an improved payback period for the owner.
 

Speaker:

 

 

Urban Green Council, Paul Reale, MSME, LEED AP, Special Consultant, & CEO and Founder of Green Allowance

Attendees list
22 people will attend this meeting, among them
Will attend in person Via streaming
harvest power
vp quality and engineering
Building Performance Center,
Director of Operations
FirstFuel Software
Client Solutions & Regulatory Affairs Manager
Pulse Energy
Market Analyst
ADP
Responsable optimisation énergétique
Strategen
Director of Operations & Development
Calif. Public Utilities Comm
Special Advisor for Energy Efficiency
Bard Consulting LLC
Senior Associate
Waste Management
Senior Sustainability Consultant
Perkins+Will
Associate
Arnold & Porter
Attorney
StopWaste.Org
Multifamily Outreach
Barrett Capital Corporation
Managing Director
Code Green Solutions
Energy Project Manager
Center for EcoTechnology
Green Business Specialist
Norgen Consulting Group
Associate
Wyle
V.P. Innovation

EIA Inc.
VP, Business Development
Benningfield Group
Principal
Greenhouse Gas Industries
CEO
PwC
Sr. Associate
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