What Is Local Law 97 and How It work?
Local Law 97 is a climate change regulation enacted by the New York City Council in 2019. It aims to reduce greenhouse gas emissions from buildings, which account for a significant portion of the city's overall emissions.
Under Local Law 97, buildings larger than 25,000 square feet are required to meet specific emissions limits based on their occupancy type. These limits are measured in carbon dioxide equivalent (CO2e) emissions per square foot of floor area. The emissions caps become progressively stricter over time, with the first compliance period starting in 2024.
To comply with the law, building owners and operators must implement energy efficiency measures, such as upgrading insulation, improving HVAC systems, or installing renewable energy sources. They can also purchase renewable energy credits or participate in emission trading programs to offset their emissions.
Non-compliance with Local Law 97 can result in financial penalties. The law encourages building owners to prioritize energy efficiency upgrades and incentivizes sustainable practices to help mitigate climate change and create a more environmentally friendly city.