Sustainability is not just a buzzword; it's the linchpin reshaping industries, and real estate is no exception. With the U.S. taking determined strides towards a sustainable future, real estate professionals, particularly in Washington State, should understand the evolving landscape. Let's delve into the environmental priorities set out by Environment Washington for 2023 and how they intersect with national policy directions.

1. Beyond Waste: Tackling Plastic and Electronic Excess

The U.S. has increasingly recognized the environmental impact of waste, echoing Environment Washington's "Wildlife over Waste" and "Right to Repair" campaigns. Key focus areas include:

• Promoting corporate responsibility for environmental waste.

• Reducing single-use plastics.

• Advocating for longevity in electronic devices through repair.

Real Estate Insight: As sustainable building practices gain traction, developers can distinguish their properties by considering waste generated during construction and ensuring the integration of green amenities such as recycling stations and repair hubs.

2. Green Power: Renewable Energy and Efficiency

The national spotlight on renewable energy is brighter than ever. As the U.S. encourages cleaner energy solutions, Washington State's commitment to 100% clean energy by 2045 becomes even more significant. Environment Washington has charted out:

• Transitioning to all-electric infrastructures using heat pumps and induction stoves.

• Increasing the adoption of solar and wind energy, augmented with cutting-edge storage solutions.

Real Estate Insight: With federal tax incentives and rebates fostering sustainable homes, properties integrated with renewable energy solutions are becoming the new norm. Investments in energy-efficient appliances and green energy installations can substantially elevate property value.

3. Preserving Our Natural Treasures

The U.S. has long been dedicated to preserving its diverse ecosystems. Washington State's commitment to its unique environmental wonders resonates with national conservation goals, emphasizing:

• Enhancing and safeguarding salmon habitats.

• Protecting underwater kelp forests and eelgrass meadows.

• Implementing solutions to counteract habitat fragmentation.

Real Estate Insight: Biophilic designs and sustainable landscaping are trending in U.S. real estate. Properties that incorporate and promote local biodiversity can command higher prices and resonate with an eco-aware clientele.

4. A Leap Towards Carbon-Neutral Commute and Construction

The broader goal of reducing transportation emissions mirrors Environment Washington's vision. The state's advocacy centers on:

• Promoting alternative modes of transportation, thus minimizing car dependency.

• Adopting electric buses and trucks while supporting the transition to zero-emission vehicles.

• Enhancing infrastructure to meld with nature and reduce human-wildlife conflicts.

Real Estate Insight: Urban development is gravitating towards properties proximate to sustainable transit options. Properties near transit lines, bike lanes, and pedestrian-friendly zones, coupled with infrastructure supporting EVs, are increasingly attractive.

For Washington State's real estate professionals, aligning with national and regional sustainability narratives is crucial. With organizations like Environment Washington leading the way, and congruent U.S. policies gaining momentum, the industry is well-positioned to foster a future where living sustainably isn't just an option, but the gold standard.

Reference Materials:

• Key sustainability trends that will drive decision-making in 2023 | S&P Global

• Environmental Washington’s 2023 Program Agenda