Continuing our posts from GreenBuild, our next two posts will discuss two very different green building regulatory enforcement mechanisms from two very different cities. The first city, Portland, has created a very innovative enforcement mechanism to enforce its stringent green building regulations.
Portland is very similar to other cities in that they will require specific project to achieve varying LEED certification levels. Portland’s enforcement mechanism, however, is much different. Called a "Feebate," Portland will require that some projects pay into a green building fund while other projects obtain rebates from the city.
Under the Feebate system, all new buildings built to code are assessed a fee. If a project is built to LEED Silver, then the fee is waived and the owner obtains access to financing options. Even better, if a project attains LEED Gold, the city writes the project owner a check!
All money that is paid into the green building fund is used either for the incentives or to educate about green building.
Pretty neat, don’t you think? After the Holidays, Portland is coming out with its economic analysis of the plan, and I am looking forward to reviewing it with you.
Photo Credit: Scott_rtw