Int 0159-2026 · Bill
A Local Law to amend the administrative code of the city of New York, in relation to capping renewable energy credits to 10% of a building’s electricity emissions in excess of its limit
Description
Capping renewable energy credits to 10% of a building’s electricity emissions in excess of its limit.
Last recorded step: Introduced.
Not on any published Council agenda we hold.
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This bill would limit the deduction a building owner can take due to the purchase of renewable energy credits in order to comply with Local Law 97 of 2019. A building would be limited to using RECs to offset any excess of its annual building emissions limits for up to 10% of the building’s electricity emissions.
Official summary of legislation · NYC Council