Make some popcorn. Countdown To New York's Rendezvous With Energy Impossibility
California, Germany and the UK have green energy goals that kick in in the 2030s or 2040s. New York has requirements starting in 2024.
Who has sufficiently pure cult adherence to set firm green energy deadlines with real consequences in the here and now? That task has fallen to the true climate heroes here in New York City.
New York City’s bid to create the first real test of an impossible green energy deadline is found in its Climate Mobilization Act of 2019, the key part of which goes by the name Local Law 97. LL97 (formal name: New York City Administrative Code Sections 28-320 and 28-321) imposes energy efficiency standards on large residential buildings starting in 2024 — next year. Buildings that fail to meet the standards are subject to large and accelerating fines starting right away.
Even luxury buildings haven't got the funds to comply. So they will have little choice but to pay the fines, and go bankrupt.
It appears that the owners of these buildings are just now figuring out that the standards that have been set cannot be met, at least not in any remotely reasonable way. What next?
Rents in the building they highlight, across the street from Lincoln Center, where a one-bedroom goes for just shy of $6000 per month doesn't have the money to do what would be required.
We’re about to see thousands of buildings designated as law-breakers and subjected to punishing annual fines, with no realistic way to get around them. Let’s see how long this can continue.
Will the last person out of NYC turn off the lights.
No comments:
Post a Comment
Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.
Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.