New NYC Energy Laws: How To Boost Your Bottom Line By Engaging Your Tenants

New NYC Energy Laws: How To Boost Your Bottom Line By Engaging Your Tenants

In 2019, New York City passed the most ambitious climate legislation for buildings for any city in the world. However, over 60% of a typical building’s energy/carbon consumption is controlled by tenants, leaving landlords in a difficult position. Because if these regulations are not enacted, they will be forced to pay hefty new fines. Fortunately, there are targeted tenant programs and other local laws to assist landlords in getting the messages out to their tenants:

  • Local Law 33 mandates building energy efficiency grades starting in 2020
  • Local Law 97 sets the carbon emissions caps and heavy fines starting in 2024
  • Local Law 88 establishes lighting upgrade and submetering requirements in 2025
  • ULI Tenant Energy Optimization Program integrates energy efficiency into tenant space design and construction
  • NYSERDA Commercial Tenant Program supports tenants, landlords, and industry consultants in improving office spaces and reducing energy use
  • Green Leasing & Split Incentive Strategies

On January 21, 2020, the NYC 2030 District produced a webinar explaining how landlords can use utilize these programs and local laws to engage their tenants. Our panelist included:

  • Emily McLaughlin – Director, Urban Land Institute, Greenprint Center for Building Performance
  • Elihu Dietz – Project Consultant, ERS
  • Dario Gristina – CEO, CPL Group USA & PleXus PoE Lighting
  • Frank Maricic – Co-Chair, NYC 2030 District (Moderator)

To view the Webinar Slides Click Here

To view the Webinar Video Click Here