LOCAL LAW 97 WHAT YOU NEED TO KNOW

New York City Council passed Local Law 97 on May 18th, 2019. Here are things you should know:

NYC’s Goal and Requirements

In lieu of the “Green New Deal” passing back in April, New York readapted its Intro 1253 to what is now the Local Law 97 directly impacting NYC building owners. The Intro 1253 initiates carbon emission limitations for buildings over 25,000 square feet, as well as offering compliance alternatives for different kinds of buildings.

The Goal

To reduce 40% of building-based emissions by 2030. Buildings over 25,000 square feet must adhere to the annual carbon intensity limits during each compliance period (2024-2029 and 2030-2034). City-owned buildings, affordable housing, hospitals, and religious centers will be subjected to compliance alternatives if they cannot meet carbon intensity limits.