Climate Mobilization Act

Read the full post at JD Supra.

On April 18, 2019, the New York City Council passed legislation, referred to as the Climate Mobilization Act, which includes bills designed to aggressively reduce carbon emissions produced by New York City’s buildings. According to a study conducted by the New York City Mayor’s Office, buildings currently account for almost 70% of the city’s green-house gas emissions. The bills set heavy fines for building owners’ non-compliance. Notwithstanding strong objections from the real estate industry, the bills found overwhelming support in the New York City Council and passed with a vote of 45-2.

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