NYC Council looks for carveouts to building emissions law as owners face costly ugrades
Co-op and condo owners say New York City's landmark climate law is saddling them with bills worth tens of thousands of dollars to fund environmentally friendly upgrades, which is fueling a push to soften restrictions on building emissions., which is part of a plan to make the city carbon neutral by 2050. The climate law sets aggressive emissions restrictions on buildings, which account for nearly 70% of the city’s carbon pollution.
“There's no possible way that we could raise the $60 million,” said Alicia Fernandez, the treasurer of Queensview, which has 726 co-op apartments. But advocates and elected officials such as Comptroller Brad Lander say modifying the regulations would undermine the law. City Councilmember Linda Lee, who represents eastern Queens, is the lead sponsor of the proposed amendment to Local Law 97. She’s secured 24 other sponsors – just one shy of a majority in the Council.
The amendment, which was reintroduced by Lee last month, would radically change the fines Queensview faces. Currently, the fines kick in next year. Once the law’s emissions requirements are fully in effect by 2050, the building could face fines of more than $1 million per year.
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