The recently passed Climate Mobilization Act will have a profound and lasting impact on the NYC real estate market, for both sales and acquisitions for existing buildings, as well as new development projects. Part of OneNYC’s long range goal to cut carbon emissions by 80% in 2050, the first milestone is a 40% emissions reduction by 2030 for most buildings over 25,000sf. The legislation sets carbon emissions limits for 2024 – 2029 by space classification with fines and penalties for non-compliance. Carbon emissions limits for 2030 – 2034 are also currently published but not officially ratified. These emissions limits are considerably more stringent than the 2024 caps in keeping with the longer term 2050 goals. The new standards require a greater emphasis on energy analysis and performance, and the integration of strategies and technologies that align and adapt to the opportunities and risks inherent to these new market conditions.
Join us to hear NYC real estate leaders discuss their plans to address this new legislation; reduce risk and maximize profitably, today and for the future. Co-Sponsored by: The Sustainability Practice Network (SPN) is a New York based inter-disciplinary community of professionals who seek to learn and share knowledge to advance sustainable development across sectors and disciplines. We mobilize our members to practice sustainability in their lives and work. Our mission is to raise awareness of the importance of individual and corporate sustainability and thereby create a more stable and equitable world.
Register by phone or e-mail: call us at 646-312-3231 or e-mail us at firstname.lastname@example.org.
This event is part of the State, City and Local Action program of Climate Week NYC.