The Value of New Money
Rebuilding Trust by Bringing Validation to Carbon Footprint Reporting
Local Law 97
And why you should be informed!
Local Law 97 was passed in by New York City in 2019 as part of the city's strict movements towards reducing its carbon footprint. This law requires building owners to start reporting their building's carbon emissions beginning in 2024. Local law 97 will affect more than 50,000 residential and commercial buildings and is the most aggressive carbon emission reduction law of any city globally, with plans to reduce emissions by 80 percent by 2050. If buildings fail to meet emission regulations, they will be charged a fine.