{"id":15466,"date":"2023-11-07T14:06:52","date_gmt":"2023-11-07T20:06:52","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=15466"},"modified":"2024-04-11T11:43:07","modified_gmt":"2024-04-11T16:43:07","slug":"local-law-97-good-faith-efforts-rules-update","status":"publish","type":"post","link":"https:\/\/www.imegcorp.com\/insights\/blog\/local-law-97-good-faith-efforts-rules-update\/","title":{"rendered":"Local Law 97: \u201cGood Faith Efforts\u201d Rules Update"},"content":{"rendered":"
By Donald Jagoda<\/p>\n
Under New York City’s Local Law 97, owners of buildings over 25,000 square feet are required to annually report GHG emissions starting in calendar year 2024. The law is part of the City\u2019s long range 80 x 50 plan to cut emissions 80% by 2050. LL97 sets GHG limits for four reporting periods, calendar years 2024-2029, 2030-2034, 2035-2040, and 2040-2050, and imposes significant fines for excessive emissions.<\/p>\n
Through new rules released September 12, 2023, the DOB has amended Local Law 97 to allow building owners to mitigate fines in the first reporting period, 2024 \u2013 2029, by demonstrating a \u201cgood faith effort\u201d to de-carbonize their buildings, which is defined in the new rules. The new rules also encourage \u201cbeneficial electrification\u201d, which allows emissions due to qualifying electric heating\/cooling\/domestic hot water equipment to be subtracted from a building\u2019s emissions report. Requirements for qualifying equipment and requirements for sub-metering\/calculating the energy use from qualifying equipment is further defined in the new rules.<\/p>\n
Pre-requirements to be able to apply for a good faith effort are as follows:<\/p>\n
Several paths are available to display a good faith effort per the DOB, and they are described as:<\/p>\n
If you\u2019d like to learn more about how Lilker, an IMEG company, can help you comply with LL97, please reach out to Donald Jagoda at Donald.P.Jagoda@imegcorp.com<\/a>.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Through new rules released September 12, 2023, the DOB has amended Local Law 97 to allow building owners to mitigate fines in the first reporting period, 2024 \u2013 2029, by demonstrating a \u201cgood faith effort\u201d to de-carbonize their buildings, which is defined in the new rules.<\/p>\n","protected":false},"author":5,"featured_media":15489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,383,1],"tags":[],"acf":[],"yoast_head":"\n