Issue link: https://resources.tangoanalytics.com/i/1531946
P E R F O R M A N C E S T A N D A R D S Types of Buildings Covered: Multifamily; Commercial Commercial Building Size Threshold: Buildings over 25,000 sq ft Two or more buildings on the same tax lot with a combined area exceeding 50,000 square feet Two or more buildings owned by a condominium association, governed by the same board, exceeding 50,000 square feet PROPERTIES AFFECTED Copyright 2024 Tango. All rights reserved. The following properties are exempt from BPS: an industrial facility used for generating electric power or steam; dwellings less than three stories consisting of attached, detached, or semi-detached housing for which owners are responsible for HVAC or hot water; city buildings; rent-regulated accommodation; places of public worship; property owned by a housing development fund organized pursuant to article 11 of the Private Housing Finance Law; buildings undergoing demolition provided that it is no longer occupied. EXEMPTIONS Performance Targets/ Standards: Targets change every five years to allow fewer building emissions. Building emissions limits are set for each building by multiplying the corresponding building type's building emissions intensity limit (in tCO2e/sq. ft.) by the building's gross square floor area (in sq. ft.). Greenhouse gas emissions (building emissions) for a building are calculated by multiplying the total energy consumption of each fuel type consumed on the building's premise (utility electricity, natural gas, #2 and #4 fuel oils, district steam, other; all in kBtu) by the corresponding greenhouse gas coefficient for that fuel type (in tCO2e/ kBtu) and totaling the resulting emissions. Emissions standards are determined by 60 different property types from Energy Star Portfolio Manager that reflect the wide variation in energy use among buildings. Those limits ratchet down over five compliance periods, so each building will be allowed to emit less carbon over time Compliance Pathways: Buildings must meet the standard annually, but buildings can use RECs and offsets to compensate for going over the emissions limits. Additionally, the City is studying a carbon trading system (link included) so buildings that do not meet the annual emissions limits could buy credits from buildings that are below the limits. METRICS AND TARGETS Performance Metrics: Annual greenhouse gas (GHG) emissions (tCO2e/sq. ft.)