The Impact of Local Law 97 on NYC’s Commercial Property
September 5, 2023 ⚊ 1 Min read ⚊ Views 55 ⚊ BLOG
Local Law 97 represents a pivotal shift in addressing climate change at the local level. Enacted in 2019, this legislation sets ambitious targets for carbon emissions reduction, particularly targeting large buildings that contribute significantly to the city’s greenhouse gas emissions. The law employs a unique approach, introducing Building Emissions Limits (BELs) that set emission caps based on the square footage of buildings.
Explore the game-changing impact of Local Law 97 on NYC’s commercial property landscape. Learn about emissions reduction, challenges, and opportunities.
Tags: Local Law 97
