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(New York Real Estate Journal) May 16, 2023– Passed as part of the 2019 Climate Mobilization Act, Local Law 97 is one of the nation’s most ambitious laws to reduce carbon emissions, and it’s just around the corner.
Local Law 97 officially takes effect in a few months, and New York City property owners must realize that the city will strictly monitor and enforce its groundbreaking law to reduce greenhouse gas emissions. Landlords, property management companies, as well as co-op and condo boards, must immediately take stock of their building’s energy use and proactively start planning their short- and long-term energy management strategies now.