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Expert Analysis

Why NYC Building Owners Shouldn't Ignore Emissions Rule

By William McCracken (December 1, 2023, 6:17 PM EST) -- Local Law 97 is the centerpiece of New York City's efforts to reduce carbon emissions in its buildings sector by 40% by 2030 and 80% by 2050. Beginning next year in 2024, covered buildings must reduce their carbon emissions to within specified statutory limits or face potentially severe annual fines....

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