Building owners and landlords soon will be required to certify they're meeting decarbonization targets required by a slew of new city and state laws aimed at reducing the carbon footprint of buildings, which make up an estimated 40% of global greenhouse gasses.
"Without a doubt. Certification is a necessary component of any city's decarbonization efforts and we expect to see these requirements rolled out more broadly," said Lincoln Payton, CEO of proptech startup Cleartrace, in an interview with GlobeSt.
Cleartrace has emerged as a leading player in real-time, blockchain-based monitoring that transparently displays the sources and amount of energy being consumed in a building. The Cleartrace platform is an integral part of JPMorgan Chase's ongoing program to convert its entire New York real estate portfolio to 100% renewable energy.
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