In the fall of 2019, Germany adopted novel climate legislation that calls for the establishment of a trading program for carbon emissions from the transportation and building sectors. The new law, which has already generated substantial controversy, will take effect in 2021. Pursuant to Local Law 97 of 2019, New York City is considering adopting an emissions […]
NYU just released the highly anticipated carbon trading study required by New York City’s Local Law 97. The study is the first comprehensive modelling assessment of the costs and benefits of this groundbreaking law, and of the feasibility of a potential carbon trading program for buildings. Join Urban Green and the NYU study team for […]
When U.S. cities estimate the greenhouse gas emissions for which they are responsible, cities tend to focus on the emissions that come from activities within their borders and from generating electricity to meet local needs. This approach undercounts cities’ contributions to climate change because it leaves out the GHG emissions that come from the production of […]
Electrification of building heating systems is expected to play a central role in New York City and New York State’s long-term efforts to decarbonize its building stock. From a climate perspective, this makes sense; buildings will not be able to dramatically reduce their carbon footprints without moving away from onsite combustion of fossil fuels for […]
Impact fees are one-time charges imposed on new development as a condition of approval to offset the development’s impact on local infrastructure, services, and the environment. A revenue-raising tool, they are broadly based on the idea that new development should be responsible for paying for a share of the new or additional public infrastructure and […]
