Glossary term
The annual cap on a covered New York City building's greenhouse-gas emissions, in metric tons of CO2-equivalent per square foot, set by Portfolio Manager property type for 2024 to 2029 and again, lower, for 2030 to 2034. A mixed-use building's limit is the sum of each use's floor area times its factor.
In plain language: How much the building is allowed to emit before the $268-per-ton penalty starts.
Jurisdiction: New York City only.
Explained Compliance by Regime
Most Local Law 97 buildings filed for 2024 and came in under the limit. In 2030 the limits fall and the electricity coefficient halves while gas and oil do not…
