The Environmental Protection Agency’s recently-announced proposal for stricter standards for smog-causing pollutants comes with a big price tag … $19 to $90 billion by the year 2020.
Who’s going to pay for it? We all are.
The key sectors that will bear the primary cost are manufacturers, utilities and oil refiners. But, that only means that their prices will go up for the rest of us.
We will all feel the pressure to improve energy efficiency accelerate. Expect to see programs like the EPA’s ENERGY STAR program grow exponentially in the world of real estate, as more buildings embrace energy savings to simply stay cost-competitive in an incredibly competitive marketplace.