How Do You Plan to Navigate the Climate Mobilization Act to Avoid Steep Penalties?
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- Oct 18, 2019 1:30 pm GMT
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Our team is actively advising clients on the Climate Mobilization Act (CMA) and its implications for their organizations. In case you weren't aware I wanted to share the following information.
The CMA sets carbon reduction requirements for New York City buildings. Limitations begin in 2024 with potential penalties beginning in 2025.
What Do You Need to Know?
• Affects buildings greater than 25,000 square feet
• Increasingly rigorous limits will be set on carbon emissions per sq. ft.
• Limitations will be applied in 2024 and 2030
• Significant penalties for non-compliance and variances for financial hardship
How Can We Help? Strategies for dealing with the law will vary, some ways we could help would be:
• Navigate nuances of the CMA to ensure a facility is classified correctly
• Establish baseline carbon penalty costs
• Evaluate the ROI on energy efficiency or other on-site renewable/sustainability projects
• Take advantage of historical low energy prices to offset further penalties
Let us help you answer the questions everyone is asking and show you how the top energy advisory firm in NYC can help. Contact us today so we can help you navigate this new legislation.
See attached, for a case study to learn more about the Climate Mobilization Act. The information provided will offer insight on how to best position and chart a course for your facility. This roadmap will also help your facility ensure compliance and avoid steep carbon penalties.