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Local Law 97-What it Means for Commercial Building Owners

Local Law 97-What it Means for Commercial Building Owners

Local Law 97-What it Means for Commercial Building Owners

Introduction to Local Law 97?

In March of 2019, the New York City Council approved Local Law 97. The law is part of the Climate Mobilization Act, which aims to reduce carbon emissions from the building.

It is a citywide regulation that went into effect in November 2019 and sets carbon restrictions on all constructions bigger than a particular size as part of a large-scale attempt to substantially reduce the city’s carbon emissions. It states that these constructions must comply with new carbon emission limits in 2024 or face a penalty.

It is revolutionary in terms of construction requirements: LL97 is the world’s most stringent carbon emissions building regulation.

When Did LOCAL LAW 97 Come into Effect?

Local Law 97 of 2019 will limit building emissions until 2050, resulting in an overall reduction of 80%. The limits were initially imposed for two time periods: 2024-2029 and 2030-2034.

Why is Local Law 97 Coming Into Effect?

Climate change is putting pressure on cities all around the world to respond. The EU and its member states agreed to cut carbon emissions under the Paris Agreement considerably.

In the event of a climate calamity, this will keep the average world temperature rise below 2°C. The goal is to reduce emissions produced by the city’s most significant buildings by 40% by 2030 and 80% by 2050.

The legislation will encourage building owners to use sustainable, energy-saving measures and renewable energy by limiting building emissions. Furthermore, the law established the Local Law 97 Advisory Board and Climate Working Groups to help the city effectively meeting these stringent sustainability goals.

Why are All Will be Affected by Local Law 97?

The law applies to the following types of structures:

It is essential to remember that building owners are solely responsible for identifying whether or not their buildings are affected and, if so, for maintaining compliance.

Who All are Exempted From Local Law 97?

Although the legislation is intended to be as comprehensive as possible, there are a few caveats to be aware of:

What Will If you Do Not Comply With Local Law 97?

Building owners should submit an accurate emissions report, even if it means paying the penalty. Failure to file the statement violates the law, and intentionally making false information can result in jail time.

Every month, the penalty for failing to report is $0.50 per square foot. It translates to a $50,000 monthly liability for a $100,000 square foot building.

In case of a false report, a fine of $500,00o can be imposed and even led to prison for 30 days.

Given these sanctions, building owners are strongly encouraged to submit an accurate report on time each year. Compared to the penalty for failing to submit an essay, there is a minor penalty for exceeding the limit by a small amount.

Article by Morain khan: He is a professional online writer and graduate from the University of Rajasthan working with DMC.

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