Get Ahead of Local Law 97

Local Law 97 was passed in 2019 to help New York City achieve its goal of reducing greenhouse gas emissions 80% by 2050. The law requires that covered buildings meet specific emission limits starting in 2024. While this may seem like a long way off, developers and building owners need to start planning now to ensure their buildings are compliant. Not only will this help the environment, but it could also save you money in the long run. Learn more about Local Law 97 and what you can do to get ahead of the curve with ReWyre!

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What is Local Law 97 and why should New Yorkers care about it?

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Local Law 97, requires most large buildings in New York City to meet certain carbon emission limits starting in May 2024. Set by the Mayor's Office of Sustainability, these targets are part of an ambitious plan to reduce greenhouse gas emissions by 30 percent from 2005 levels by 2025 and 80 percent by 2050. Local Law 97 is a major step forward in this effort to reduce our contribution towards global climate change, and all New Yorkers should be proud that they will soon be part of a city leading the charge when it comes to creating a healthier environment.

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How will Local Law 97 impact building owners in NYC?

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Local Law 97 puts limits on building emissions that must be hit or else sizable fines will be levied on the owners. This means that landlords and owners alike may find themselves having to make many upgrades and invest in more green infrastructure in order to comply. Click here to see what types of proptech solutions will help you lower your carbon footprint quickly and efficiently.

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Local Law 97 looks like it's here to stay -- setting a precedent for other cities across the U.S., as well as an example for how cities can bring about real and lasting change.

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What can be done to comply with Local Law 97 and avoid penalties ?

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Local Law 97 is an important piece of legislation that works to reduce greenhouse gas emissions from buildings in New York City. Property owners must ensure their buildings are passing the set emissions requirements to meet compliance goals. Penalties are put into effect for those who do not comply with the law. In order to avoid facing punitive measures, steps must be taken to evaluate and adjust existing systems to reduce energy waste and emissions. Building owners can obtain data tracking the energy consumption of their buildings on a regular basis and implement strategies to maximize their building's efficiency such as heat recovery systems or upgrades to lighting, water and HVAC equipment.

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Additionally, ongoing monitoring of building systems can help identify faults or potential problems early on so they can be remedied before penalties take effect. Overall, consistent diligence and proactive change management are needed if building owners want to comply successfully with Local Law 97 and make sure no unnecessary fines arise. ReWyre provides sustainable proptech solutions that cover both hardware, IoT, and enterprise saas solutions to help you gain compliance fast.

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ReWyre is here to help!

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With Local Law 97 compliance right around the corner please check out the ReWyre dedicated Local Law 97 website page. ReWyre will help you find the best proptech solutions on the market today so that you can procure the right proptech for every project and gain Local Law 97 compliance.

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