{"id":2172,"date":"2022-04-29T05:35:44","date_gmt":"2022-04-29T09:35:44","guid":{"rendered":"https:\/\/www.thecotocongroup.com\/?p=2172"},"modified":"2026-02-03T09:08:18","modified_gmt":"2026-02-03T09:08:18","slug":"how-much-will-my-building-be-charged-for-emissions-under-local-law-97","status":"publish","type":"post","link":"https:\/\/thecotocongroup.com\/blog\/how-much-will-my-building-be-charged-for-emissions-under-local-law-97\/","title":{"rendered":"How Much Will My Building Be Charged for Emissions Under Local Law 97?"},"content":{"rendered":"

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NYC Local Law 97<\/a> was enacted in 2019 as part of the Climate Mobilization Act to essentially place hard carbon caps on various building types – residential or commercial, that are larger than 25,000 sq. ft. The law gets implemented in 2024, only to become more stringent with time to accomplish its grander goal of 80% carbon reduction by 2050. Many buildings have significantly reported being way over permissible limits requiring immediate intervention with retrofitting and alternative compliance.<\/p>\n

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<\/span>Which properties are affected?<\/strong><\/span><\/h4>\n

1. Buildings over 25,000 square feet
\n2. Two or more buildings on the same tax lot that together exceed 50,000 square feet
\n3. Two or more condominium buildings governed by the same board of managers that together exceed 50,000 square feet<\/p>\n

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<\/span>The basic requirements of the law are:-<\/strong><\/span><\/h4>\n

1. Determining how and when a building needs to comply
\n2. Conducting an energy audit & retro-commissioning of all the systems mandatorily will enable the owners to submit the Energy Efficiency Report. The report is to be compulsorily submitted to the City once every ten years.<\/p>\n

An energy audit<\/a> is an identification, survey, and analysis of the energy usage of a building that is carried out to optimize its efficiency. In other words, it helps maintain the same level of output while minimizing consumption. It also guarantees a reduction in terms of cost to the building owner and carbon footprint to the planet, respectively.<\/p>\n

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<\/span>Penalties<\/strong><\/span><\/h4>\n

Non-compliance is deemed penal with fines designated by The City at $268 per metric ton for the exceeded carbon footprint! Fines are also designated for submitting false reports and worse, for not submitting a report.<\/p>\n

1. 2024-2029 penalty = 54.1 tCO2e x $268\/t = $14,498.80 \/ year
\n2. 2030-2034 penalty = 1,233.1 tCO2e x $268\/t = $330,470.80 \/ year<\/p>\n

<\/span>How to calculate your building\u2019s fine and emissions limit?<\/strong><\/span><\/h4>\n