KEY TAKEAWAYS Local Law 97 – recently enacted legislation that tackles emissions from NYC’s largest carbon emitting sector – is big news. Local Law 97 is a first-of-its-kind legislation enacted as part of New York City’s 2019 Climate Mobilization Act that caps carbon emissions that large buildings can release each year without paying a penalty. The carbon emissions limits take effect in 2024 and become increasingly stringent thereafter. Buildings…
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