As Washington inks ‘most ambitious’ climate rules in U.S., lawmaker praises tech’s supporting role
May 19, 2021 at 3:30 pm
The electrification of Washington’s ferry system is one of the plans for cutting the state’s carbon emissions. (Brent Roraback Photo)
Washington Gov. Jay Inslee this week signed into law what many are calling the nation’s most ambitious package of climate policies. One of the key lawmakers behind the legislation gives the region’s tech and business sectors some of the credit for the state’s ability to lead in tackling climate change.
“We have an entrepreneurial spirit that allows us to think big,” said Sen. Reuven Carlyle, prime sponsor of the Climate Commitment Act, which puts a cap on carbon pollution in Washington.
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Venture capital firms this year have begun raising hundreds of millions of dollars that they plan to deploy into proptech startups aimed at taking on climate change by making buildings more sustainable.
The surge of investment, taking place across the U.S., Canada and Europe, comes as experts see multiple coinciding forces that will push developers and landlords to adopt green building technologies in the coming years.
Government action, from local building regulations to President Joe Biden s push to spend hundreds of billions on sustainable buildings, is expected to force rapid adoption of climate proptech solutions. But the movement isn t just coming from the government shareholders, lenders and tenants have been escalating pressure on landlords to make their buildings become more climate-friendly.