These laws play a crucial role in shaping the future of building sustainability in NYC.
As New York City continues its ambitious journey toward becoming a more sustainable metropolis, the real estate sector faces stringent regulations aimed at reducing carbon emissions and enhancing energy efficiency. Key among these regulations are Local Law 97 and Local Law 87. These laws play a crucial role in shaping the future of building sustainability in NYC. Companies like The Cotocon Group, specializing in sustainability consulting, are instrumental in helping building owners and managers navigate the complexities of these regulations. This article delves into the intricacies of Local Law 97 and Local Law 87, exploring their impact on building energy efficiency and offering insights on achieving compliance.
Understanding Local Law 97
Local Law 97 (LL97), part of New York City’s Climate Mobilization Act, is one of the most ambitious climate legislations enacted by any city worldwide. Passed in April 2019, LL97 targets a substantial reduction in greenhouse gas emissions from buildings, which account for nearly 70% of NYC’s total emissions. The law sets aggressive carbon emission limits for large buildings, with the goal of reducing overall emissions by 40% by 2030 and 80% by 2050, compared to 2005 levels.
Key Provisions of Local Law 97
The Role of Local Law 87
Local Law 87 (LL87), enacted in 2009, complements LL97 by focusing on energy audits and retro-commissioning. It requires buildings over 50,000 square feet to undergo periodic energy audits and retro-commissioning measures every ten years. The aim is to identify and implement energy efficiency improvements, ensuring buildings operate optimally.
Key Provisions of Local Law 87
The Impact on Building Owners and Managers
Both Local Law 97 and Local Law 87 have significant implications for building owners and managers in NYC. Compliance requires a proactive approach, involving substantial investments in energy efficiency upgrades and ongoing monitoring of energy performance.
Financial Considerations
Enhancing Building Value
Complying with these local laws not only avoids penalties but also enhances the value and marketability of properties. Energy-efficient buildings are increasingly attractive to tenants and buyers who prioritize sustainability and lower operating costs.
How The Cotocon Group Can Help
Navigating the requirements of Local Law 97 and Local Law 87 can be complex and daunting. The Cotocon Group, a leader in sustainability consulting, offers a range of services to help building owners and managers achieve compliance efficiently and effectively.
Services Offered by The Cotocon Group
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