Carbon Trading for NYC’s Buildings Sector

Between January 2020 and June 2021, the Guarini Center led a team of researchers to study whether New York City should adopt a carbon trading program for its buildings pursuant to its landmark climate law, Local Law 97 of 2019. The study, which was the first rigorous assessment of Local Law 97, brought together researchers from various centers across New York University, including the Furman CenterMarron Institute, and Institute for Policy Integrity, as well as several private sector consultancies including The Brattle Group and HR&A Advisors.

The study is available here. A press release and executive summary are available as well.

Five fact sheets about LL97, the study, its findings, its proposals for carbon trading, and environmental justice and the carbon trading study are also available.