March 16, 2021 02:02 PM updated 5 hours ago | Crain’s | by Eddie Small
A state proposal that would give building owners a way to avoid paying penalties under New York City’s Climate Mobilization Act might not make it into the final version of the budget.
Gov. Andrew Cuomo had included a proposal in his budget that would give landlords the chance to buy renewable energy from upstate solar and wind plants rather than pay penalties or invest in pricier sustainability options, an idea supported by the Real Estate Board of New York. However, the option was not included in the Senate and Assembly budget proposals, with multiple legislators describing it as an undue infringement on city laws.
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