Local Law 97 of 2019 is the largest disruption in our lifetime of the New York City real estate industry. The law sets tough carbon caps for buildings starting in 2024, and even more aggressive caps in 2030. To comply with Local Law 97, almost 50,000 buildings will have to retrofit in 10 years. New analysis by the Urban Green Council finds that if all buildings choose efficiency to comply with LL97, a $20B retrofit market opportunity will be created over the next 10 years.
Read more… urbangreencouncil.org