Greenhouse gas limits on New York high-rises likely

Image
IANS New York
Last Updated : Apr 18 2019 | 4:20 PM IST

New York City is set to fight climate change with a plan that would make thousands of high-rises, like the Empire State Building and Trump Tower, to sharply reduce their greenhouse gas emissions.

The measure, expected to be passed by the City Council on Thursday, would set emission caps for different types of buildings with an aim to achieve 40 per cent reduction in emissions by 2030. Buildings that would fail to meet the limit would face steep fines, the New York Times reported.

The development comes as the US debates merits and necessity of the Green New Deal -- the congressional proposal to tackle climate change and create new high-paying jobs in clean energy industries.

New York and several other states have undertaken a number of initiatives to reduce carbon emissions.

According to the report, buildings are among the biggest sources of greenhouse gas emissions. An inventory of greenhouse gas emissions published in 2017 found that buildings accounted for 67 per cent of the city's emissions.

The legislation is part of a package of bills known as the Climate Mobilization Act.

New York Mayor Bill de Blasio said he would sign the legislation. "It's going to revolutionise our ability to reduce emissions through our buildings, which are really our No. 1 problem."

Many types of buildings were exempted from the caps, including houses of worship and apartment houses with rent-regulated units and other types of affordable housing.

--IANS

soni/pcj

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 18 2019 | 4:12 PM IST

Next Story