The Complexity of NYC’s Green New Deal [Special Content From Centrica]

This week, we present a special episode on behalf of Centrica Business Solutions. The Green New Deal is now a driving force in climate politics. But up until now, it’s been mostly theoretical. And then, in April, Mayor Bill De Blasio declared that New York City is creating its own version of the Green New Deal. As part of the law, large commercial buildings will need to cut emissions by 40 percent by 2030 and 80 percent by 2050 — or face steep fines.  After so much theorizing about the Green New Deal, we can finally see what happens when a resolution meets reality.  And the impact is not what you might think. Many building upgrades in the city are now stalling because of uncertainty around the law. “No matter who I’ve spoken to, nobody’s disagreeing with the goals. It’s the application of how we benchmark. There are clearly buildings that can become vastly more efficient. But this legislation doesn’t prize density, it doesn’t prize efficiency, for some of our most modern buildings,” explains Paul Kue