Across every corner of New York, major institutions are tying real money to decarbonization. On the policy side, we have the city’s Climate Mobilization Act, including Local Law 97, which requires large buildings to meet ambitious carbon-reduction targets or risk paying millions in fines.
On Wall Street increasingly more funds are choosing to divest from fossil fuels and invest in a cleaner energy future. Corporations renting space are asking for renewable energy-powered leases.
That is just the start. The reality for the city’s largest building owners is clear: If they don’t decarbonize quickly, they will pay.
While those goals and incentives certainly will have a positive impact,
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