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Arguably the most interesting part of the New York City package isn’t the cap. It’s the trade—or, rather, the potential for it. Right now North Am
Join us for a webinar jointly hosted by Urban Green Council and World Green Building Council
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.
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.
New York City’s new laws aimed at reducing the city’s carbon emissions over the next two decades could cost landlords about $20B, according to new analysis.