Local Law 97
Local Law 97 is a groundbreaking piece of legislation that was passed in New York City in 2019. The law is aimed at reducing greenhouse gas emissions in the city's largest buildings, which are responsible for a significant portion of the city's overall emissions. Under Local Law 97, buildings over 25,000 square feet must meet strict emissions limits or face significant fines. The law is set to take effect in 2024, and building owners and operators are already working to retrofit their properties to meet the new standards. The hope is that Local Law 97 will help New York City meet its ambitious goal of reducing emissions by 80% by 2050, and serve as a model for other cities around the world.
Local law 97 applies to existing buildings. Essentially, New York City by 2050 wants to have a net zero carbon emissions. This means that buildings need to somehow reduce their carbon footprint.
There's many buildings in New York City that can take a substantial chunk out of their carbon emissions by simply looking at the building itself. Architects and developers will looks what can be done with these buildings? Can we put new windows in? Can we improve the insulation? Can we change the way that we're operating the building? That contributes to a massive amount of savings. Face it, if you're able to improve the efficiency of the building, the end result is you use less fuel. By using less fuel, you have less carbon emissions going out of the building.
The next step is to look at those heating components. And this is where MPN Boilers comes in. What can we do now to reduce our carbon emissions with our equipment?
Miller Proctor Nickolas started partnering in Oilon to introduce the latest generation of high efficiency heat pumps to the New York City market, which is driven by the local law 97. These are water to water heat pumps with superior performance compared to any commercial air source heat pumps with higher CLPs, and a more compact design. They are single units designed to fit into mechanical space and we also have multiple global warming potential refrigerants available. We use standard components. There is no adjustment, no service needed on the unit after the installation. And cost and CO2 reduction is the main goal.
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