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Case Study

How Do You Plan to Navigate the Climate Mobilization Act to Avoid Steep Penalties?

Dreamstime.com

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.


 

Case Study

Catherine Luthin's picture

Thank Catherine for the Post!

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Discussions

Matt Chester's picture
Matt Chester on Oct 18, 2019 9:10 pm GMT

Do you have insight on whether the climate mobilization act is going to make it's way to other cities/jurisdictions? Are others waiting to see if NYC is a success?

Catherine Luthin's picture
Catherine Luthin on Oct 22, 2019 2:51 pm GMT

We see climate change legislation being enacted in various forms, most aggressively in California. New York and California have always been the leaders. Recently, I chaired a webinar that focused on this topic. Materials can be found at this link: https://register.gotowebinar.com/recording/viewRecording/6010034309311757323/2552227472419866370/cconnolly@luthin.com?registrantKey=5641495605831229708&type=ATTENDEEEMAILRECORDINGLINK

Matt Chester's picture
Matt Chester on Oct 22, 2019 10:01 pm GMT

Thanks for sharing, Catherine. I would hope that success in the typical markets (CA, NY, as well as increasingly in MA and IL) will become a roadmap for other markets to follow suit. That's why early progress in these states is so important and exciting. 

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