NY is introducing its own Green New Deal

REBNY has sought to oppose the proposed legislation, which would require massive retrofits of thousands of buildings over 25K sf

TRD New York /
Apr.April 12, 2019 10:05 AM
The Climate Mobilization Act aims to curb carbon emissions in NYC (Credit: iStock)

The Climate Mobilization Act aims to curb carbon emissions in NYC (Credit: iStock)

As Washington debates the controversial Green New Deal, New York City is forging ahead with its own measures in a bid to curb climate change.

The city council will announce Thursday a batch of proposed legislation, dubbed the Climate Mobilization Act, that aim to curb carbon emissions in the country’s largest metropolis and would force landlords to cut emissions by 40 percent by 2030, according to HuffPost.

The most drastic measure would require landlords with buildings over 25,000 square feet to conduct retrofits like new windows and insulation that would make the building’s more energy efficient. It would affect the Empire State Building and Trump Tower, among other properties.

The Real Estate Board of New York has already taken steps to oppose the measure, and at a hearing in December, reportedly forged alliances with other industry groups, including hospitals and the Catholic Church.

The proposed legislation isn’t “cognizant of short-term realities,” REBNY’s vice president Carl Hum reportedly said at the time.

Other measures in the act, which would be implemented by 2024, would require solar panels or plants to cover the roofs of some buildings, or install miniature wind turbines. A second batch of legislation, that is expected to be introduced in coming months, would require all school buses to be electric. [HuffPost] — David Jeans 


Related Articles

arrow_forward_ios
Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

arrow_forward_ios
Loading...