A bill aimed at easing some of the requirements from a 2021 law to reduce greenhouse gas emissions is facing opposition from the industry it aims to help due to concerns about fines. House Bill 1269, sponsored by Reps. Willford and Valdez, seeks to adjust the standards set in the original law to make them more achievable. The bill requires buildings to reduce emissions by 13% compared to 2019 benchmarks rather than a 7% reduction from 2021 levels, recognizing the impact of the pandemic on office settings.
However, building owners are concerned about the potential fines they could face for non-compliance, which could reach up to $17 million annually. They worry that the bill’s provisions, while helpful in relaxing deadlines, could still pose a burden on businesses trying to comply with the state’s decarbonization requirements. Proponents argue that the transition to green energy is necessary for a sustainable future and believe the bill’s standards are crucial in achieving Colorado’s climate goals.
Despite concerns, sponsors of the bill reassured that the fines are not intended to be punitive but rather aimed at ensuring compliance with energy efficiency standards. The Energy Office will focus on providing support and financing options to help building owners meet the requirements. The bill has passed through the House Energy and Environment Committee and will now move to the House Finance Committee for further review.
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