A proposed set of regulations aimed at reducing greenhouse gas emissions from large buildings in Colorado is drawing ire from commercial real estate professionals who argue the rules could dramatically increase capital expenditures for building owners at a time when the industry is facing multiple headwinds.
The proposed regulations, known as Regulation 28, would apply to buildings 50K SF or larger, and require building owners to reduce their greenhouse gas emissions by 7% by 2026 and 20% by 2030 compared to 2021 levels. The rules were established under House Bill 21-1286, which required Colorado’s Air Quality Control Commission, an agency tasked…