DOB Issues Long-Awaited Rules Outlining "Good Faith Efforts" Needed To Reduce Or Eliminate Penalties Under Local Law 97 -
Local Law 97 is the centerpiece of New York City’s efforts to reduce carbon emissions in its buildings sector by 40% by 2030 and 80% by 2050. Beginning next year in 2024, covered buildings must reduce their carbon emissions to within specified statutory limits or face potentially severe annual fines.
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