New York Details Building Efficiency Enforcement, Funding Plans

New York City unveiled a four-part plan on Tuesday that sharpens how it will enforce and help offset the costs of its tough new building emissions standard.

The law, known as Local Law 97, requires about 50,000 buildings to cut their emissions over several compliance periods, starting next year, with a goal of hitting net zero by 2050. Buildings are New York City’s largest source of carbon emissions, accounting for two-thirds of the city’s output and 6% of the state’s overall emissions.

A central piece of the new plan is a framework for mediated resolutions for buildings that fall out ...