Issue link: https://resources.tangoanalytics.com/i/1531946
Yes/No: Yes By When: May 1, 2025 and every year thereafter: owner files a report with the department, certified by a registered design professional, for the previous year to show that they're either in compliance or not in compliance and including the amount by which they exceed the limit. VERIFICATION REQUIRED Copyright 2024 Tango. All rights reserved. V E R I F I C A T I O N , P R O V I S I O N S , A N D P E N A L T I E S Affordable Housing: Buildings with 35% or fewer rent-regulated units must meet the emissions limits starting in 2026. Buildings with a greater percentage of rent-regulated units may choose the prescriptive path to comply rather than meet emissions limits. The NYC Housing Authority shall make efforts to reduce aggregate GHG emissions from building it owns, manages or that is built on Authority-owned land by 40% by the year 2030 and 80% by the year 2050 relative to a 2005 baseline. Other: For calendar years 2024– 2029, buildings can deduct output of on- site clean distributed energy resources from annual emissions. City will issue rules for how to calculate deduction. Deduction applies to clean PROVISIONS storage and generation systems Adjustments to the emissions limit are allowed in certain circumstances (dependent on time period, building type, financial status, past efforts, and other factors weighed by the commission). Coefficients are set in 2024-2029, and 2030-2034 blocs. Some considerations in the future include a 50% cleaner grid coefficient in 2030 and potentially a clear grid by 2040. Steam in 2030 may be 4% cleaner in 2030, and wholly clean in 2050. Exceeding annual building emissions limit: Buildings emitting more than their allowed GHG limits will be fined $268 per metric ton of CO2 above the limit. Failure to file a report: A penalty of $0.50 per square foot per month will be imposed until compliance is achieved. However, that an owner shall not be liable for a penalty for a report demonstrating compliance with the requirements of this article if such report is filed within 60 days of the date such report is due. False statements: Fine of not more than $500,000 or imprisonment of no more than 30 days, or both, in addition to a civil penalty of not more than $500,000 PENALTIES FOR NON COMPLIANCE