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How, many are wondering, can we possibly pay for the retrofits that will reduce our building’s carbon emissions by the mandated 40 percent by 2030 and 80 percent by 2050?
New York City’s ambitious Climate Mobilization Act will require large buildings, including co-ops and condos, to reduce building carbon emissions 40 percent by the year 2030.
The nonprofit Urban Green Council has announced a global partnership with green councils in Hong Kong, London, Singapore, and Toronto to explore carbon trading as a way for buildings to comply with
“The retrofit market, the market for energy efficiency in New York City, is about to see a scope and scale unlike anything it has seen before,” says John Mandyck, our CEO.
The New York City Council is expected to approve a bill that will require most co-op and condo boards to undertake costly retrofits to reduce their buildings’ greenhouse gas emissions.