On October 23, Urban Green brought together leading experts at the Canadian Consulate to assess the state of low carbon energy in New York and explore how the proposed Champlain Hudson Power Express project could help building owners comply with NYC’s building emissions law.
We found that if all building owners choose retrofits to comply with the new law, a new $20B retrofit market will be required over the course of the next decade; that’s 13 times larger than today’s annual market.
It was standing-room only for the hearing on a landmark retrofit bill introduced last week by Council Member Costa Constantinides. The bill, Intro. 1253, proposes new carbon emissions caps and energy performance requirements for the city’s large buildings starting in 2022.