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Update on New York City Local Law 97: Proposed Rules Provide Building Owners a Small Break

In 2019, the New York City (NYC) Council enacted Local Law 97 (LL97) in an effort to reduce greenhouse gas (GHG) emissions to net zero by 2050 from the sector of the NYC economy that emits the most GHGs — buildings. As...more

New York City Local Law 97: A Groundbreaking Climate Change Regulation for the Real Estate Industry

Buildings account for more than 70% of the greenhouse gas emissions in New York City (NYC). To address this problem, NYC has enacted a first-of-its-kind regulation, Local Law 97 (LL97), which establishes increasingly...more

Supreme Court Rejects EPA’s ‘Clean Power Plan’ in Decision Raising Questions About the SEC’s Climate-Related Disclosure Rules

On June 30, 2022, the U.S. Supreme Court held in West Virginia v. Environmental Protection Agency, 597 U.S. ___ (2022), that the Clean Air Act did not clearly authorize the Environmental Protection Agency (EPA) to create the...more

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