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Tag Archives | green retrofits

Finding the Green to Go Green: Is This Green Leasing’s Moment?

It’s hardly controversial, given what the “g” in gbNYC stands for, to advocate the idea that green retrofits are a good idea for buildings in New York and elsewhere. But as the consensus grows that this is, in fact, what’s going to happen — at least in the sense that a greener built environment is so clearly wise, responsible and cost-effective that it kind of has to happen — let’s take a break from popping Cristal over the coming retrofit boom and fretting over the imperfections of our current capacities. During that break, we’d encourage you to take a walk (but bring mittens, it’s cold) and maybe give some thought to just how we’re going to pay for all those awesome retrofits that are surely coming down the pike. While we all broadly agree on what should happen when it comes to retrofits, it will be easier to believe that all those good things will happen when we have some idea how they will happen. Which brings us to… green leasing?

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The Halfway Point: Venture Capital Study Predicts Huge Green Retrofit Surge

Anyone predicting the emergence of a large and lucrative market at our nation’s present economic ebb is going to get attention, but Greg Kats deserves more attention than, say, Larry Kudlow or the clowns who wrote Dow Eleventy Zillion. A former member of Bill Clinton’s Department of Energy, Kats is now the senior director of the New York-based venture capital firm Good Energies Inc., and he recently issued the results of a two-year, independently-financed report in a book called Greening Our Built World. To call Kats’ conclusions bullish is, frankly, kind of an insult to bulls. But while Kats’ projection that 50 percent of the non-residential building stock in the U.S. will qualify as “green” by 2015 is dramatic — especially since the current figure is 15 percent — it’s not exactly James Glassman and Kevin Hassett predicting that the Dow will hit infinity by 2002 as long as we repeal the Glass-Steagall Act. That is to say, Kats actually makes it seem possible.

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