Ask Our Experts: NYC Local Law 97 Updates, Filing Process, & Compliance

What We'll Cover

This is the first segment of our NYC Local Law 97 webinar series, in which we will cover:

• Recently-announced adjustments to legislation
• Necessary steps for compliance
• How to complete the filing process
• New technologies and alternative options that can help decarbonize your building
• And more…

In order to meet emissions targets on time and avoid penalties, boards and managers must understand the pathway to compliance for your building.


Our Expert: Kelly Dougherty, President, FirstService Energy


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 have reduced emissions by over 80%