Ask Our Experts: NYC Local Law 97 Getting Alignment
Online Webinar
New York , NY
New York , NY
What We'll Cover
This is the second segment of our NYC Local Law 97 webinar series, in which we will explore what is required for buildings with commercial spaces and how sub-metering and lease language can assist you in understanding and enforcing compliance with non-residential tenants.
Our Experts:
Kelly Dougherty, President, FirstService Energy
Peter Angerame, Vice Presient, utiliVisor
Javid Afzali, Partner, Harris Beach PLLC
NYC LOCAL LAW 97 FAST FACTS:
This is the second segment of our NYC Local Law 97 webinar series, in which we will explore what is required for buildings with commercial spaces and how sub-metering and lease language can assist you in understanding and enforcing compliance with non-residential tenants.
Our Experts:
Kelly Dougherty, President, FirstService Energy
Peter Angerame, Vice Presient, utiliVisor
Javid Afzali, Partner, Harris Beach PLLC
NYC LOCAL LAW 97 FAST FACTS:
- Starting in 2024, a carbon emissions cap will be placed on buildings larger than 25,000 sq. ft. The cap will determine the building’s annual emittance of carbon.
- Buildings that exceed their emissions cap will pay a fine of $268/Mt.Co2e
- 2025 fines will be based on 2024 usage
- The emissions cap reduces every 5 years until 2050
- By 2050, the city’s goal is to reach net-zero GHG