New York Property Owners & Landlords to Cut Energy by 20% by 2030

A major effort is to take place by several of New York’s biggest property owners and landlords to reduce energy consumption by 20% by 2030.

Urban Green Council are working with the property companies and landlords to reach the target reduction in energy, carbon emissions and costs.

Urban Green’s first 80x50 Buildings Partnership report, the Blueprint for Efficiency, delivers a groundbreaking framework to cut carbon in New York City’s large buildings.

The 80x50 Buildings Partnership is a collaboration between leading New York City stakeholders to develop smart climate change policies. Recognising the need for extensive engagement to develop the most impactful and thoughtful policy, Urban Green brought together more than 70 individuals from over 40 organisations from the real estate, labor, energy efficiency, nonprofit and government sectors.

The result of eight months of discussion and 85 meetings, the Blueprint provides a practical policy framework to reduce emissions in large buildings by 2030, as well as the infrastructure to deliver improvements at scale through 2050. Twenty-one detailed proposals shape this world-leading energy performance policy, including:

If fully implemented, the Blueprint will place over 50,000 of New York City’s buildings of at least 25,000 square feet beyond a third of the way to the region’s goal of cutting emissions by 80% by 2050.

The Blueprint requires:

  • Requiring each building sector to save 20 percent in source energy use from 2020 to 2030
  • Creating a metric based on Energy Star calibrated to NYC building data
  • Regulating all energy sources together, with smaller reductions required of more efficient buildings
  • Including flexible compliance pathways, such as green power purchase and efficiency credit trading
  • Dramatically expanding support and financing options to help owners comply, with particular focus on sectors that need more help

Source and image: Urban Green Council.

Monday 20th August 2018

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