City Council to cap emissions at many rent-stabilized buildings

The exemption for rent-regulated buildings from the city’s emission caps is about to end for some of them. The City Council will vote Thursday on a bill that subjects certain rent-regulated buildings to the requirements of Local Law 97, which imposes heavy fines on buildings that contribute too much to global warming. The year-old law aims to cut citywide greenhouse-gas emissions 40 percent by 2030 and 80 percent by 2050. The new measure, sponsored by

source https://therealdeal.com/2020/10/29/city-council-to-cap-emissions-at-many-rent-stabilized-buildings/