“With the passage of Local Law 97 (LL97) in May of this year, New York City launched what is considered the most ambitious performance-based climate legislation ever enacted for buildings. Under this legislation, large buildings will be subject to major financial penalties if carbon intensity targets are not met starting in 2024, with more aggressive targets starting in 2029. While most buildings will not be exposed to potential penalties until 2029, owners and operators need to move quickly to mitigate potential exposure to LL97’s penalties. Commercial buildings face additional challenges, not least of which being that energy consumption by tenants is often outside the direct control of building management. This post hopes to bring to light some of the more nuanced considerations for commercial buildings to help navigate early preparation for your property…”
Read the full article HERE on the Building Energy Exchange website
