Dear New Yorkers,
Less than four months before a climate change law is slated to take effect, the Department of Buildings answered long-standing questions about requirements designed to reduce carbon emissions from buildings. Local Law 97, passed by the City Council in 2019, puts limits on carbon on all buildings larger than 25,000 square feet, including apartments and offices. Most building owners the law applies to must comply starting next year, and the emissions limits ratchet down in 2030 and 2050. Owners not in compliance could face fines of $268 for every ton of emissions above the limit. According to new rules proposed by the DOB, building owners who make a “good-faith effort” to meet the caps but don’t achieve them by the 2024 deadline may get two more years before fines hit. For some, the leeway makes sense and will help quell the anxieties building owners and co-op members have about Local Law 97. For others, the wiggle room signals a long-feared attempt to weaken the law and push back the benefits of greening buildings — which are the biggest source of planet-warming emissions in the city.
Read more here. |
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