Capital New York:
Mayor Bill de Blasio announced Friday that he will impose mandates on the commercial real estate sector to achieve dramatic greenhouse gas emissions among the city's building stock — by far the city's biggest contributor to global warming.
In an announcement tied to Earth Day, the mayor's office said the requirements, along with city programs and incentives, would help kickstart the mayor's goal of cutting building emissions dramatically over the next 35 years.
The mandates are a significant development for the city's real estate world. When de Blasio announced a plan two years ago to cut building emissions, he threatened mandates if private developers did not act quickly enough. After more than a year of meetings with a technical working group, the group submitted a report recommending the mandates.
The city estimates the measures will reduce greenhouse gas emissions from buildings by 2.7 million metric tons — the equivalent of taking more than 560,000 cars off the road. The mandates are also expected to save building owners approximately $900 million in energy costs each year and create an estimated 1,300 direct construction-related jobs, the mayor's office said.
We've always known that it's BUILDINGS and not CARS that produce the most pollution, which makes the city's focus on putting bike lanes everywhere to green the planet such a joke. I finally agree with de Blasio about something. Too bad he's probably going to be indicted soon.