NYC Buildings Complying With Emissions Law Faster Than Expected

New York City’s biggest buildings are complying with a landmark emissions law at a much faster rate than the city expected, undermining the real estate sector’s claims that the rules will be too hard to meet.

A preliminary review by the city’s Department of Buildings shows that 11% of New York’s buildings aren’t on track to meet the requirements of Local Law 97, Rohit Aggarwala, commissioner of the New York City Department of Environmental Protection, told Bloomberg Law. That’s a better noncompliance rate than the 20% projection the city forecast for the initial compliance ...