“Today, Rocky Mountain Institute (RMI) released a new report, Better Rentals, Better City: Smart Policies to Improve Your City’s Rental Housing Energy Performance, which aims to inform city leaders on mechanisms that can boost energy performance improvements in rental housing that benefit tenants, landlords, community leaders, and the environment. . . .
“In the Better Rentals, Better City report, we looked at the impact of a similar policy for five other US cities with large rental markets and rental licensing programs already in place— Boston; Minneapolis; Oakland, California; Philadelphia; and Washington, D.C.—and found that, on average, at a cost of about $13 per rental, energy bills could be reduced by $390 per rental per year. Further, programs in these five cities combined would reduce carbon emissions by 1.2 million tons, an equivalent impact to building all new residential properties in these cities to a net-zero energy standard for the next eight years.
“To scale this policy to other cities, RMI developed a framework shared in our new guide that takes successes and lessons learned from Boulder’s policy. The framework walks city policymakers through the following steps in developing effective minimum efficiency standards for rentals policy:”
FULL STORY published May 15, 2018 via Rocky Mountain Institute