2040 Carbon-Free Legislation:  How Will it Impact Commercial Real Estate?
Sponsored by District Energy & Abra Kadabra Environmental Services

One hour of CEU APPROVED

During the 2023 Legislative Session, a new law was passed requiring that all electricity generated or procured in Minnesota must come from a carbon-free source by 2040.  While the intent of this legislation is to address the climate crisis, it does raise some concerns for commercial real estate and residents throughout the state.

• With over half of current electricity production in Minnesota generated by coal and natural gas, how will these key energy sources be replaced in 17 years?
• How will the rollout of many new electric vehicles impact total demand for electricity over the next 10 – 20 years?
• If wind and solar are being targeted as the primary energy sources to replace these fossil fuels, where will Minnesota get its electricity during a polar vortex when neither of these methods can be relied on for significant production?
• How can new nuclear reactors play a role in meeting the 2040 requirement?

Reliable electricity is essential for the operation of commercial real estate and all businesses in Minnesota.  Plan to attend the January St. Paul BOMA membership meeting where a panel of experts will discuss this legislation and answer these, and other questions, regarding this important topic.

Participating on this panel are

• Philip Hult, Legislative Affairs Director, Generation Atomic
• Trisha Duncan, MN Director Community Relations, Xcel Energy
• Garrick Villaume, PhD, Chief Technology Officer, Global RAIS

This program will be moderated by St. Paul BOMA’s past president, Joe Spartz.

DATE:  Monday, January 8th, 2024

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