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ARTICLE · 19 JULY 2024

LL97: Countdown To Compliance

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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The first compliance period for building owners under Local Law 97 (LL97), New York City's (NYC) landmark climate change legislation, began this year on Jan. 1. Subject to limited exceptions...

United StatesReal Estate and Construction
Andrew Otis
Andrew Otis
Josh S. Winefsky
Josh S. Winefsky
Toni L. Finger
Toni L. Finger
Celeste Williams
Celeste Williams
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The first compliance period for building owners under Local Law 97 (LL97), New York City's (NYC) landmark climate change legislation, began this year on Jan. 1. Subject to limited exceptions, property owners are required to submit annual building emissions reports to the NYC Department of Buildings (DOB) starting on May 1, 2025. We will provide quarterly guidance on compliance topics leading up to the first reporting date. This quarter, we will focus on who must comply with LL97 and when.

Enacted in 2019 as part of the city's broader commitment to sustainability and carbon reduction, LL97 targets the city's biggest sources of greenhouse gas (GHG) emissions: buildings. By establishing GHG emissions caps that tighten over time for buildings over a certain size, NYC hopes to achieve the ultimate goal of significantly reducing GHG emissions by 2050. A property owner of a building that exceeds its applicable emissions cap will be required to pay fines for noncompliance —

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