Tell Your State Legislator to Pass the GREEN Buildings Act
Homeowners and Tenants, Are You Ready to Pay?
By 2024, more than 3,500 buildings could face $200 million in fines.
By 2030, that increased to 13,500 buildings with more than $900 million in fines.
Fines could reach more than $1 Billion by 2035 and continue to increase.
Under Local Law 97, in the next few months, fines will begin being assessed for buildings that are not up to code. It’s likely these fines will be passed on to tenants as increases in rent and exorbitant fees if your building is not up to code by 2024. The number of fines incurred by building owners are determined by the level of emissions produced, so the fines could vary significantly.
It is important for residents to be aware of these potential costs and to consider taking action to help lower their building’s carbon emissions. Working with building owners to identify energy-efficient solutions, residents can play an active role in reducing their carbon footprint and mitigating the impact of potential fines.
What is Local Law 97?
Local Law 97 is a provision passed by the New York City Council in 2019 aimed at reducing greenhouse gas emissions from buildings.
While it aims to help New York City meet its climate goals, hard-working New Yorkers are feeling the pressure as they will be heavily impacted by the impending fines.
At the core of Local Law 97 is the noble aim of reducing pollution and creating a better future for our planet, but it is important that we work together to find solutions that don’t burden those who are already struggling to make ends meet.
Contact your State Legislators TODAY to support this common-sense solution to a crisis affecting us all.