Building owners gets behind NYC Carbon Challenge

Building owners gets behind NYC Carbon Challenge

Photo courtesy of Real Estate Weekly

New York Mayor Bill de Blasio, in partnership with the Real Estate Board of New York (REBNY), has launched the NYC Carbon Challenge for Commercial Owners and Tenants.

The move represents a significant expansion of the partnership between the city and private and institutional sector leaders, which have committed to reduce greenhouse gas (GHG) emissions from their buildings by 30 percent or more in 10 years, reports Real Estate Weekly.

To achieve the reductions, existing participants and new commercial owner and tenant participants have committed to work together to identify strategies for coordinated implementation of energy efficiency projects in their buildings.

The expansion of the NYC Carbon Challenge to the 22 commercial owners and tenants adds more than 58 million square feet to the challenge and is projected to reduce citywide GHG emissions by an additional 60,000 metric tons of carbon dioxide equivalent (tCO2e) – the equivalent of taking almost 13,000 cars off the roads – and result in an estimated $50 million in energy cost savings.

The launch of the NYC Carbon Challenge for Commercial Owners and Tenants marks a commitment by the city’s commercial real estate community to help New York City achieve its ambitious OneNYC goal of reducing citywide GHG emissions 80 percent by 2050.

“The commitments from these 22 commercial owners and tenants show environmental sustainability and economic sustainability work hand in hand,” the mayor said. “These private sector leaders demonstrate that New York City is committed to continuing to move aggressively to protect our residents and our planet.”

Commercial buildings account for roughly 30 percent of New York City’s GHG emissions, and the energy used in interior leased office space accounts for 40 to 60 percent of total energy consumption in a typical commercial office building.

However, commercial owners and tenants face a range of barriers to meaningful co-ordination that persistently delay or prevent uptake of energy efficiency and cost-saving measures.

As part of the expansion, participating commercial owners and tenants will be better equipped to find unique and creative solutions that enable greater energy efficiency and sustainability improvements than either party could achieve on its own.


Topics: Building Owners and Managers, Consulting - Green & Sustainable Strategies and Solutions, Environmental Firms, Great Commercial Buildings, Office Buildings, Sustainable Communities, Urban Planning and Design

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