The monthly update of the Institute for Market Transformation

January 2014

IMT and NRDC Launch City Energy Project in 10 U.S. Cities

Today, IMT and the Natural Resources Defense Council (NRDC) announce the City Energy Project, a multiyear partnership between our two nonprofit groups and 10 leading American cities. Working together, the City Energy Project and participating cities will ramp up energy efficiency in their communities’ buildings, cutting expensive energy waste and reducing harmful carbon pollution.

The 10 City Energy Project cities are: Atlanta, Boston, Chicago, Denver, Houston, Kansas City, Mo., Los Angeles, Orlando, Philadelphia, and Salt Lake City.

Their united effort is expected to lower energy bills by nearly $1 billion annually, and could cut as much climate change pollution as generated by more than 1 million passenger vehicles every year.

Photo above of IMT's Cliff Majersik with Mayor Ralph Becker of Salt Lake City and Frances Beinecke, President of NRDC

With the Project’s help, the 10 cities will craft their own customized energy efficiency plans, and each will receive the support of a local expert who can help put the city’s plan into practice. The Project is funded by a partnership of Bloomberg Philanthropies, the Doris Duke Charitable Foundation, and The Kresge Foundation.

For more information about the project, read the press release or visit IMT congratulates the participating cities and salutes their mayors' bold leadership in urban sustainability.

IMT and DOE’s Better Buildings Alliance Unveil Green Lease Leaders Program

Earlier this month, IMT and the U.S. Department of Energy’s (DOE) Better Buildings Alliance unveiled the Green Lease Leader recognition program. With support from leading real estate practitioners, the new program will help push past the the landlord-tenant divide on sustainability by recognizing firms and brokers that are successfully introducing green lease language into their new or existing leases to save energy in buildings.

Many leading firms across the real estate industry have already changed leasing practices as a result of internal sustainability goals. Yet others struggle to determine what language should be added, what their competitors are doing, and whether or not other parties will be comfortable with proposed green lease clauses.

Green Lease Leaders addresses this problem by creating an industry-approved definition of a green lease program and by recognizing landlords, tenants, and brokers nationally who are successfully meeting that standard. To find out more, visit the new Green Lease Leaders website and read our press release.

A Speedometer for Sustainability Efforts in Buildings

An effective way to achieve transformational change in how the commercial building sector uses energy is to enhance the way we appraise buildings. In conjunction with the Appraisal Institute, IMT has co-authored a free new primer to appraisal for commercial real estate owners and developers—Green Building and Property Value.

A companion to the 2012 guide written for practicing appraisers, this new, short handbook asks owners to work more closely with appraisers to include green and energy-efficient attributes in traditional appraisals.

To help integrate green features into the traditional appraisal process, the guide highlights the need for owners to work actively with both lenders and appraisers, providing them with background on the performance metrics and data that can be used to assign value.

Read co-author John Miller’s blog post on the new guide, and access the guide for free on IMT’s website.

 Added bonus: Information on energy-saving home improvements is crucial for buyers and appraisers to be able to recognize or assess the value of upgrades made by the seller with confidence. The Building Performance Institute (BPI) recently published standards that target this complex problem; IMT's Stephanie Burns has more on the important issue in her blog post, New Data Standards Light Way to Greener Home Listings.


IMT in the News

Ex-Mayor Bloomberg Brings 10 Cities Together to Fight Pollution U.S. News & World Report 01/27/14

Are You A Green Lease Leader? BOMA E-News 01/27/14
Leadership Spotlight: New Recognition Program Sets the Standard for Green Leasing Real Estate Management News 01/22/14

Energy Benchmarking: If the Data Isn’t Accurate, Is the Law Any Good? Habitat Magazine 01/21/14

Energy Efficiency MicroNews: Ameresco, Green Lease Leaders Standards, Hydrogenics, GE Digital energy Energy Efficiency Markets 01/19/14

Better Buildings Alliance Unveils Green Lease Leaders Program Energy Manager Today 01/16/14

Green Lease Leaders Recognition Program Kicks Off National Real Estate Investor 01/13/14

Seattle Energy Benchmarking Finds $90 Million Potential Annual Utility Bill Savings CleanTechnica 01/13/14

Guidelines aimed at helping developers reap benefits of ‘green’ buildings South Philly Review 01/09/14

Appraisal Institute Publishes Green Building Appraisal Standards National Mortgage Professional Magazine 01/09/14

The Energy-Benchmarking Grades Are Out. Do They Really Matter? Habitat Magazine 01/07/14

What Green Building Word Would You Retire After 2013? EcoBuilding Pulse 12/20/13


Job Openings

IMT is excited to announce the following job openings:

Community Energy Program Manager, Orlando, Fla.

Energy Efficiency Program Manager, Salt Lake City

Large-Building Energy Efficiency Program Manager, Boston

Senior Commercial Energy Program Advisor, Denver

Read more about these positions on our website.

To submit an application for one of these positions, email a resume and a brief cover letter with the position title in the subject line to

WEBINAR: Getting Building Codes Right- Implementation and Enforcement

As good as an energy code may be on paper, proper implementation is essential if the code is to be fully effective in saving energy. Enforcement of building energy codes is a challenging issue that IMT will address in a webinar hosted by the Global Buildings Performance Network (GBPN).

This webinar will explore the barriers that are currently faced by different countries and will present examples of good enforcement, as well as other best practice measures and lessons learned for supporting code compliance.

The webinar will be hosted on Monday, Feb. 10 at 12:30 PM EST. Register for free here.


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