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Mark Pipher

NEW YORK CITY—Earlier this year, The Climate Mobilization Act was passed in New York City Council and the city’s real estate market is expected to undergo a vast change to push back against climate change. There are 11 pieces of legislation that are part of the Act, but the centerpiece is Local Law 97 of 2019, which establishes strict carbon emissions limits for New York City buildings larger than 25,000 square feet.

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