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NYC Building Owners Are Still Waiting To Act On New Emissions Restrictions



Landlords and developers play a large part in the city’s goal of drastically reducing carbon output by 2050.

In April, the city council passed the Climate Mobilization Act, a package of bills that will fundamentally change the way buildings will be built and operated in the city. At its heart are new rules that set emissions limits on large and midsize buildings starting in 2024 — and will impose fines on owners who exceed them.

The worst-performing buildings have five years to bring their emissions down, and the caps will become increasingly stringent through 2030.

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