Suggested change to apartment-temperature rule poses risk to city’s climate goals

A City Council bill introduced Thursday that would require landlords to increase the temperature in their apartment buildings during cold-weather months has raised questions from the real estate community about how it would impact their compliance with New York City’s Local Law 97.

Enacted in 2019, the law requires that buildings reduce their carbon emissions 40% by 2030, with smaller emissions targets coming up in 2024. If landlords don’t meet the targets, they’ll be fined, according to the legislation. 

But turning up the heat, especially in older buildings with old HVAC systems, could push buildings into noncompliance territory, increase their energy use and push up costs, landlords say.

→ Continue reading at Crain's New York Business

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