Local Law 97 in New York City Webinar Series
April 20, 2021
| Energy Conservation Requirements That Open Opportunities
July 20, 2021 | Webinar | First Steps Toward Compliance and Energy Efficiency
Session 2: First Steps Toward Compliance and Energy Efficiency
About the Program
Local Law 97 is part of New York City’s Climate Mobilization Act, which sets carbon emission caps for energy use in most buildings larger than 25,000 square feet starting in 2024―affecting approximately 50,000 buildings in the city. With the deadline fast approaching, some property owners already have plans in place, while others are still getting up to speed. Join us for a discussion of the initial and least cumbersome steps every covered building owner and tenant should be taking now to achieve compliance by 2024, as well as the available resources to help building owners who are looking for answers.
- David Amerikaner, Special Counsel, Duane Morris Real Estate Practice Group
- Molly H. Dee-Ramasamy, Head of Deep Carbon Reduction, JB&B
- Alden Phinney, Account Executive, EnergyWatch LLC
- Allen Hobbs, Account Manager, NYC Accelerator
- Corinne Arnold, Board President, The Victoria at 7 East 14th Street
Session 1: Energy Conservation Requirements That Open Opportunities
About the Program
New York City’s Local Law 97 is the trailblazing climate legislation enacted in 2019 that sets carbon emission caps for energy use in most buildings larger than 25,000 square feet starting in 2024―affecting approximately 50,000 buildings in the city. Though the law’s obligations appear daunting at first glance, enterprising building owners, tenants and other stakeholders should see this as an invitation for innovation and an opening for financial gain. Join us for a discussion of the new requirements and opportunities the law presents, the benefits it could carry for the planet and how it will help establish New York City as a leader in the global sustainability movement and the battle against climate change.
- Dan Egan, Senior Vice President of Energy and Sustainability, Vornado Realty Trust
- Brad A. Molotsky, Partner, Duane Morris Real Estate Practice Group
- Robert Politzer, President and Founder, GreenStreet of New York Inc.
- Crystal Smith, New York Market Director, Greenworks Lending
- Moderator: David Amerikaner, Special Counsel, Duane Morris Real Estate Practice Group
About Duane Morris
Duane Morris LLP, a law firm with more than 800 attorneys in offices across the United States and internationally, is asked by a broad array of clients to provide innovative solutions to today’s legal and business challenges.
Our firm has an experienced international real estate practice, offering a full range of services related to acquisitions and dispositions; leasing; financing; hospitality; multifamily/healthcare; land valuation litigation; and development and land use. We are able to handle a broad range of sophisticated and complex real estate transactions, leveraging our extensive skills and experience in virtually all types of real estate and development matters.
In over 100 years of practice, JB&B has maintained its position at the forefront of the MEP industry and around the world. In response to recent changes within the industry, JB&B is actively engaging with clients and owners to develop plans and strategies to effect substantial carbon reductions associated with NYC’s vast amount of existing building stock. By aggregating all of its design services, including an increased focus on smart buildings—combined with expanding commissioning, MEP project management and operations support capabilities—JB&B is committed to lead the industry on this essential path to a low-carbon future.
EnergyWatch is an NYC-based energy and sustainability management software-as-a-service provider. EnergyWatch helps commercial/corporate real estate portfolios, Fortune 500 industrial/manufacturing and big-box retail, government, healthcare and educational facilities reduce energy consumption, emissions and expenses, simplify energy reporting, and measure and verify operational changes and capital projects.
About NYC Accelerator
NYC Accelerator is a city program that helps New Yorkers across the five boroughs implement building energy and water efficiency upgrades to reduce carbon emissions. The NYC Accelerator provides free, individualized support for building decision-makers to cut operating costs, meet local law compliance, access financing and boost building performance. The NYC Accelerator is here to help building decision-makers navigate the complexities related to local energy laws so that buildings and the city are more livable for all.
About The Victoria
The Victoria is a 22-story cooperative located at 7 East 14th Street. The building refinanced their mortgage and set aside a substantial sum of money to pay for energy upgrades. It has just gone through the process of entering the NYSERDA FlexTech program, which will share the cost of a study for an engineer to analyze the building and recommend options for energy upgrades. As the building’s application was submitted before the June 30, 2021, deadline, The Victoria will have 100 percent of the study’s cost covered by NYSERDA.