Fines Alone Won’t Make Our Buildings More Resilient: Why Penalties Need Sharpening (Or Just Better Incentives)
Fines like LL97 and BERDO were meant to drive retrofits, but many owners are simply modeling them as a predictable cost of doing business. This piece breaks down why the math currently favors paying the penalty, what that means for grid resilience, and how sharper sticks plus better incentives can actually turn compliance into a real capital plan.