Client Alert
| June 23, 2009
The American Clean Energy and Security Act – Proposed Law Mandates Greater Energy Efficiency in Building Codes; Provides Incentives for Green Building Renovation
Congress is considering "The American Clean Energy and Security Act of 2009" ("ACES") to restructure US energy creation and consumption. Commentators have focused on the proposed emissions "cap and trade" system and other impacts of ACES on utilities and energy production. What have received little attention, however, are novel rules for energy efficiency in building construction and renovation which are buried in the text of the bill. If ACES becomes law, these rules may have a profound effect on the real estate market for years to come.
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This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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