Friday, January 9, 2015

BOMA California Advocacy Update - Governor Jerry Brown's Greenhouse Gas Reduction Goals and the Industry's Response

BOMA San Francisco Members:

Governor Jerry Brown was sworn in for an historic fourth term as Governor recently. He took the occasion to also deliver his State of the Union speech. BOMA California  members congratulate the Governor for his re-election and applaud him for his efficiency.

During his speech, the Governor set a grand vision for where he want to take the State of California. The Governor focused on investment in all the major areas, transportation, health care, education, and water, although he did not outline any specific policy initiative – except for addressing climate change through greenhouse gas (GHG) reductions. His words are eloquent and interesting.  Click here to read Governor Brown 2015 State of the Union.

Indeed, with regard to GHG Reduction Governor Brown offered the following:
In fact, we are well on our way to meeting our AB 32 goal of reducing carbon pollution and limiting the emissions of heat-trapping gases to 431 million tons by 2020. But now, it is time to establish our next set of objectives for 2030 and beyond. 
Toward that end, I propose three ambitious goals to be accomplished within the next 15 years: 
  • Increase from one-third to 50 percent our electricity derived from renewable sources; 
  • Reduce today’s petroleum use in cars and trucks by up to 50 percent; 
  • Double the efficiency of existing buildings and make heating fuels cleaner.

The Commercial Real Estate Industry's Response to the State of the Union Address

In response to the State of the Union, Rex Hime, President and CEO, California Business Properties Association, said the following on behalf of commercial real estate:
I congratulate the Governor Brown on his inauguration to an historic fourth term and applaud his leadership throughout the last four years. He has stabilized our state’s fiscal emergency. The next four years will bring many opportunities to address issues that can forever change our state for the better. We look forward to working with Governor on proposals -- to reduce unnecessary regulation and reform laws that create artificial business costs -- that will continue the economic recovery and unleash the investment and job growth that California deserves.

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