Finally, there’s some good news for co-op and condo boards that are worried about the cost of reducing their buildings’ carbon emissions. Urban Green Council’s latest Energy and Water Use Report reveals that over the past decade, New York City buildings have already made significant strides toward reducing their carbon footprint.
The coronavirus pandemic has upended virtually every aspect of co-op and condo life in New York City. Now it’s threatening to derail the city’s ambitious plan to slash the carbon emissions of big buildings.
A new study by the nonprofit Urban Green Council reveals, surprisingly, that midsize multifamily buildings are using more energy and producing more carbon than larger buildings – which could result in major fines if co-op and condo boards don’t take steps to meet carbon targets under the Climate Mobilization Act.