"About 94% of New York City buildings covered by Local Law 97 filed required documents showing actions to comply for 2024 related to carbon emissions reductions, requested extensions until Dec. 31 or are in talks with the city Buildings Dept."to determine their appropriate compliance," the agency said. The law will require buildings over 25,000 sq ft to emit net-zero carbon emissions by 2050, directing gradual upgrades of oil and gas-burning appliances to electric."
"Buildings, including hotels, office buildings, apartments and condos now produce about two-thirds of city carbon emissions. The 2019-enacted law aims for those larger than 25,000 sq ft to reduce the emissions 40% by 2030 and 80% by 2050. A registered design professional must certify whether annual reported emissions are within limits or by how much they are not, with possible penalties for missed caps or late paperwork."
"The same buildings are also covered by the city's Local Law 95, which requires annual energy efficiency reports, said Jimmy Carchietta, CEO of The Cotocon Group, a consulting firm that has helped properties comply with both laws. Other owners are wary that compliance reviews could result in fines owed, said Faisal W. Taha, a principal at Lawless and Mangione Engineers and Architects LLP."
About 94% of New York City buildings covered by Local Law 97 have filed compliance paperwork, requested extensions through Dec. 31, or are in talks with the Buildings Department. The law targets buildings over 25,000 sq ft to reach net-zero carbon by 2050, with interim cuts of 40% by 2030 and 80% by 2050, and directs conversion from oil and gas appliances to electric. Registered design professionals must certify reported emissions, and penalties can apply for missed caps or late filings. Observers cite contractor and engineering capacity limits and owner concerns about fines; only a minority require major equipment changes.
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