These types of policies can be very successful in reducing carbon emissions in cities.
For example, Tokyo, The first city to establish a BPS, managed to create a 23 percent reduction in CO2 emissions from the baseline year. Additionally, 93 percent of the covered facilities reduced their emissions beyond their obligations.
Tokyo, Japan was a leader in this space, having established their BPS in 2010. Since then, BPS have begun to spread across the United States beginning with Washington, D.C., New York City, Washington State, Reno and more recently in Boston, Montgomery County, and Maryland to name a few.
For a more complete summary of BPS policy actions in the United States, see NEEP’s BPS Policy Comparison Matrix.