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Local Law 97: A Groundbreaking Policy for a Sustainable Future

Local Law 97, also known as LL97 NYC or Local Law 97 New York, is a groundbreaking regulation enacted by the city of New York to address the urgent need to reduce greenhouse gas emissions from buildings.

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Local Law 97: A Groundbreaking Policy for a Sustainable Future

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  1. INTRODUCTION TO LOCAL LAW 97 Local Law 97: A Groundbreaking Policy for a Sustainable Future

  2. WHAT IS LOCAL LAW 97 ? Local Law 97 is a groundbreaking piece of legislation passed by the New York City Council in 2019. Aimed at combating climate change, it sets stringent carbon emissions limits for large buildings in the city. It is part of the city's broader commitment to reduce greenhouse gas emissions by 80% by 2050.

  3. KEY FEATURES OF LOCAL LAW 97 Emissions Limits: Local Law 97 establishes specific carbon emissions limits for buildings over 25,000 square feet. Phased Compliance: Buildings will have to comply with the emissions limits in phased periods, with the first compliance period beginning in 2024 Penalties: Non-compliance with the law will result in significant penalties and fines for building owners.

  4. EMISSIONS CAPS BY BUILDING TYPE Local Law 97 sets different emissions caps for different types of buildings, such as residential, commercial, and mixed-use buildings. The emissions caps are based on a building's square footage, occupancy type, and other factors.

  5. PATHWAYS TO COMPLIANCE Building Owners Have Several Options to Achieve Compliance with Local Law 97 1. Implement Energy Efficiency measures to Reduce Carbon Emissions. 2. Install Renewable Energy Systems to Offset Emissions. 3. Purchase Carbon Offsets from Qualified Projects. 4. Participate in Emissions Trading Programs

  6. BENEFITS OF LOCAL LAW 97 Environmental Impact: Local Law 97 will significantly reduce carbon emissions and contribute to New York City's efforts to combat climate change. Health Benefits: The law aims to improve air quality and reduce pollution, resulting in improved public health. Job Creation:Compliance with the law will create new job opportunities in energy efficiency, renewable energy, and other related industries

  7. CHALLENGES AND CRITICISMS Initial Costs: Some building owners may face financial challenges in meeting the requirements of Local Law 97. Technical Challenges: Implementing energy efficiency measures or renewable energy systems may require significant technical expertise. Equity Concerns: Critics argue that the law may disproportionately impact smaller building owners or low-income communities.

  8. RESOURCES AND SUPPORT NYC Carbon Challenge: A program that provides resources and support to building owners to achieve compliance with Local Law 97. Financial Incentives: The city offers various financial incentives, grants, and loans to assist building owners in implementing energy-efficient measures. Technical Assistance: Organizations and agencies provide technical guidance and support for implementing energy-saving measures

  9. CONCLUSION Local Law 97 is a critical step towards a more sustainable and resilient future for New York City. by setting stringent carbon emissions limits for large buildings, the law will contribute to reducing greenhouse gas emissions and combatting climate change. The law presents challenges but also opportunities for innovation, job creation, and improved environmental and public health outcomes. www.thecotocongroup.com Call Us: (212) 889-6566

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