Local Law 97
Passed in April 2019, Local Law 97 is a New York City climate legislation law which requires buildings larger than 25,000 square feet to meet strict greenhouse gas emissions limits starting in 2024.
This new law is expected to reduce cumulative emissions from large buildings at least 40% citywide by 2030 through building retrofits.
It will also discourage continued reliance on polluting fossil fuels, cut down on harmful air pollution that causes respiratory illnesses, and save building owners and tenants money over time by lowering operating expenses.
In New York City, buildings are responsible for nearly 70 percent of all greenhouse gas emissions. Increased energy regulations and rising costs are forcing property owners, developers and occupiers alike to adopt energy saving initiatives. These same businesses are using analytics and real time data to provide energy efficient and environmentally sound workplaces.
Download the full advisory to learn more about Local Law 97's impact.