In NYC, buildings are responsible for nearly 70% of all greenhouse gas emissions. Focusing on the city’s largest buildings will promote energy efficiency, beneficial electrification, and renewable energy, while creating new and good-paying jobs for New Yorkers. It’ll also discourage continued reliance on polluting fossil fuels, cut down on harmful air pollution that causes respiratory illnesses, and save building owners money by lowering operating expenses.
For nearly 10 years, NYC has required owners of larger buildings over 50,000 square feet to self-report their energy consumption into an EPA ENERGY STAR Portfolio Manager, which generates a score from 1 to 100, but owners with low scores were not penalized. By 2025, buildings over 25,000 square feet that currently have an energy score between one and 20, will likely receive a fine for poor energy consumption.