States Step Up to Address Global Warming and Climate Change
Hardly a day goes by that a news program on television or a newspaper or periodical does not mention climate change and global warming. Climate change may appear to be a flavor-of-the-moment issue in the popular press, but for the last several years, state and local governments have viewed climate change as a serious problem that needs prompt attention. Today, some 30 states have either developed, or are in the process of developing, a wide range of strategies to respond to climate change, and are using those strategies to draft legislation and regulations affecting diverse sectors such as electricity generation, transportation, land use and construction. The real estate industry in particular is likely to see many impacts.
This article first appeared in The Real Estate Finance Journal.