The city’s new carbon emissions laws are set to cost the real estate industry some $20 billion over the next decade. And as a retrofitting program that is estimated to be the biggest in the world gets underway, owners are being urged to think ahead to avoid running out of time and help.
This past spring, New York City enacted landmark legislation that seeks to dramatically reduce the greenhouse gas emissions of large buildings like the Empire State Building and One World Trade Center.
GATINEAU, Quebec — Along the coast of the United States, people who lost homes to Hurricane Dorian are preparing to rebuild. But Canada — which has faced devastating flooding of its own — is testing a very different idea of disaster recovery: Forcing people to move.