Local Law 97: You’ve Calculated Your Risk, Now What?

Amongst all of the major things to worry about right now, the Climate Mobilization Act (CMA) and its Local Law 97 (LL97) have done a good job of instilling concern and anxiety among real estate owners and operators in New York City (albeit not as concerning now, but still something to think about). But the law does little to no educating on how compliance can be achieved.

This leaves a chasm between the calculated fines many of us now know and our facilities’ future state – however compliant or non-compliant it is with the CMA.  Lately, there has been some movement towards filling this chasm. We have seen everything from implementing otherwise-shelved opportunities to issuing RFPs requesting a CMA strategy be developed.

Instead of addressing those topics yet again, we will look at a more strategic approach to accommodating this new law – one that results in the maximum benefit to your organization at a low cost – a CMA playbook.

With little more than the energy data you already have, you could project:

  • Your CAPEX and Operational energy investment cash flow for the next 10 to 20 years
  • Your annual energy use and savings through 2030
  • Your post-investment CMA penalties from 2024 through 2030
  • The economic hurdle rates of all future energy projects and initiatives
  • The types of energy projects you’ll be implementing and the systems they will impact
  • A set of objectives that defines your goals and the key results needed to measure success

A playbook is an essential starting point for onboarding CMA. It serves to define your organization’s appetite for investment in your facilities, operational cost sensitivity, and the relevance of energy projects to your key stakeholders.

Contact our team today to discuss a custom solution for your organization.