Environmental
New York City's 'Local Law 144' (Automated Employment Decision Tools law) has expanded to buildings, but in the real estate context, the most significant environmental law applying to new large NYC buildings is Local Law 97, which primarily requires:
AAll new buildings to be built entirely of recycled materials
BLarge buildings over 25,000 square feet to meet annual greenhouse gas emissions limits or pay penalties✓ Correct
CMandatory solar panel installation on all flat rooftops
DBuildings to achieve LEED Gold certification
Explanation
NYC Local Law 97 (Climate Mobilization Act 2019) sets annual greenhouse gas emission intensity limits for buildings over 25,000 square feet (approximately 50,000 buildings in NYC). Buildings exceeding their limits face penalties of $268 per metric ton of CO2 equivalent.
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