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Tag: NY 1253 Law

NYC Council Caps GHG Emissions for Big Buildings; Could Cost Property Owners Billions of Dollars

In the last few weeks, NYC Council has passed legislature to cap carbon emissions for NYC buildings over 25,000 square feet, with different limits for commercial, industrial and residential buildings. This law will cover an estimated 60% of NYC buildings. The cap is aimed at reducing building green house emissions 40% by 2030 and 80% […]

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