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Adaptive Climate Protection Policy: Designing a Market-Based Instrument to Promote the Emergence of Carbon-Neutral, Green Buildings

Panel: Energy and Environmental Policy: Planning for Greater Impacts

Author:
Vinh Mason, City of Portland Office of Sustainable Development

Abstract

The uncertainty surrounding global warming impacts and solutions requires innovative approaches to creating and implementing new climate protection policies. Since these policies will evolve over time, the most successful climate protection solutions of the future are essentially undetermined. Still, the magnitude of potential climate change impacts on our economies and ecosystems demands that governments begin taking precautionary measures. A policy design that includes periodic opportunities for change offers an alternate path recognizing the need to establish new policies in the near-term that can adapt over time, as uncertainties become certainties. The City of Portland's High Performance Green Building Policy proposes a market-based instrument with the adaptive capacity to maintain environmental effectiveness, economic efficiency and social equity while promoting the rapid emergence of highly energy efficient and carbon-eutral buildings.

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