Client Alert: Energy Sobriety in France

The on-going energy crisis in Europe has led the Macron-government to ask municipalities, households and companies to reduce the energy consumption by 10% over two years to counter Russia’s decision to cut the flow of natural gas to Europe. Combined with France’s Decret Tertiare and you now have France leading on energy regulation and efficiency in the EU.

 We continue to expect the expanded call for greater cuts in energy consumption to continue in France for some time. Our recent trip to Paris made it clear to us that rising energy process are making paybacks in efficiency compelling thereby creating a situation for leadership in the real estate industry from early adopters who create both financial and climate returns from energy efficiency projects.