NYC Imposes Regulations on Greenhouse Gas Emitted by Buildings

New York City is taking a new step in its effort to combat climate change by imposing stricter limits on greenhouse gasses emitted by buildings, The New York Times reports. The plan is staunchly opposed by real estate executives because of associated costs for compliance, with estimates exceeding $4 billion. Some buildings will be exempted from the caps, including apartment complexes with rent-controlled units, places of worship and affordable housing communities, however, those buildings will still be required to take other energy-saving measures. This legislation is part of a group of bills passed yesterday known as the Climate Mobilization Act, which seeks a 40% decrease in emissions by the year 2030.

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