Long a mainstay of environmental policy, emissions trading programs have faced increasing criticism in recent years. Critics have assailed trading programs for failing to generate the scale of greenhouse gas emissions (GHG) reductions necessary to mitigate the climate crisis and have argued that trading exacerbates the burdens imposed on environmental justice communities. This essay offers …
On April 22, the Guarini Center submitted brief comments to the New York City Council regarding Local Law 97 to assist the City Council in reviewing the City’s efforts to implement the law. In the comments, the staff provides several observations regarding the design of an alternative compliance mechanism to benefit affordable housing. Read the …
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 …
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 …
On February 3, the Guarini Center submitted comments to the New York State Energy Research & Development Authority regarding the New York State Climate Action Council Draft Scoping Plan. In the comments, the staff applauds the State’s ambitious commitments to decarbonizing its buildings and recommends measures to help ensure that the State’s goals are met. …
Comment: Climate Action Council Draft Scoping Plan Read More »
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 …
Carbon Trading for NYC’s Building Sector: Implementation Plan Read More »
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 …
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 …
Today, NYU researchers released the first study to rigorously assess the predicted impacts of Local Law 97 of 2019 (LL97), the City of New York’s signature climate law. The law caps the amount of greenhouse gases (GHGs) that large buildings can release, starting in 2024. NYU and a team of researchers it assembled conducted the …
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 …
Carbon Trading for Buildings? Insights from the German Emissions Trading Program Read More »
