Greening NYC’s Buildings: Mayor de Blasio's 2015 Energy Plan
New York City plans to reduce its environmental impact by cracking down on energy "inefficiency" in public and private buildings. Spearheaded by Mayor Bill de Blasio, One City, Built to Last is an aggressive 2015 energy plan which includes the long-term goal of reducing greenhouse gas (GHG) emissions 80% by 2050 from 2005 levels.
Since taking office, de Blasio has focused on the issue of citywide income inequalities and this new plan ties into that, as long-term savings will likely be realized by lower-income residents. These residents typically pay more for energy due to the inefficiency of the buildings they live in, but the new plan aims to change all that. Helping lower-income residents, plus environmental benefits...what's not to love? As a building owner, here's what you need to know about One City, Built to Last and how it may impact you.
Who does it impact?
- All public city-owned buildings, potentially with more aggressive mandates on private owners to follow
- The Local Law 84 (LL84) compliance mandate may be extended to buildings of 25,000 square feet or more, requiring them to track and disclose energy and water usage
What are the goals?
- Cut GHG emissions in NYC, nearly 75% of which come from energy usage in buildings
- Provide long-term savings to low-income city residents
- Reduce building-based GHG emissions by 10% by 2025 and have annual savings of $1.4 billion citywide
How will funding work?
- $1 billion in funding is committed to city-owned buildings in the 10-year capital plan
- Grants and other incentives will be offered to private building owners, including a "green grant program" for affordable housing
- NYC will offer these grants and pay for upgrades in exchange for the preservation of low-cost units in such buildings
- Embracing energy efficiency in buildings provides operational savings and is economically sound
- Spotlighting sustainability and mitigating the effects of global climate change throughout the world starts one city at a time
- New York can become the "world's model of sustainability" - the largest city to adopt goals and drive global energy efficiency policy
If you're a property owner in New York City, hopefully you look at One City, Built to Last as an opportunity to help your tenants save on their utility bills, improve energy efficiency in your building(s), tap into some funding, and ultimately green your portfolio and positively impact the climate. Let the greening begin!
And don't worry about complying with LL84, WegoWise can help. Get our NYC LL84 compliance guide today.