This Week’s News for LA’s Best Buildings
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Paramount Sets the Stage for Film Studio Sustainability by Joining the Better Climate Challenge
A 110-year-old studio lot on Melrose Avenue in Hollywood, Paramount Pictures Studios has over the last 10 years cut its emissions in half, saving more than 132,000 tons of greenhouse gases.
News
What Evolving Water Concerns Mean for CRE
In May, the California Water Resources Control Board passed a measure requiring agencies to implement contingency plans for up to a 20% shortage in water supplies. The move caught the attention of property owners across the US, especially in regions where droughts are prompting calls for more stringent water conservation. Meanwhile, water usage costs are rising, projecting to double or even triple in many areas over the next decade.
Biden Announces Executive Action on Climate Amid Pressure to Declare Emergency
President Biden announced executive orders on Wednesday that are designed to bolster offshore wind energy programs and help communities adapt to extreme heat — the first in a series of actions he is expected to take to confront climate change.
Leading States Chart Path for Cutting Emissions with Electrification, Pointing Way for Peers
A small but growing number of states are enabling utilities to offer incentives for customers to switch from fossil fuel heating to electric heat pumps. Yet almost half of states have not implemented fuel-switching programs to reduce greenhouse gas (GHG) emissions from home heating.
Fifth Wall Closes Half-Billion-Dollar Climate Fund to Decarbonize Global Real Estate
Fifth Wall, a venture capital firm focused on real estate technology, is tripling down on its bet that climate tech will become an integral driver in the real estate space.
It just announced commitments of half a billion dollars to close its inaugural Climate Fund, which launched with $116 million in August of last year. It is the largest private fund formed specifically to decarbonize the real estate industry, according to the firm.
How Can Fuel Cells Help Us Electrify?
The energy transformation we are building to protect our future in California promises to fundamentally change how we power our buildings. As we strive to achieve net-zero carbon emissions by 2045, cities and counties across the state are taking measures to electrify our diverse building stock, from our homes to commercial properties.
President Biden Speaking at the 2021 UN Climate Change Conference