X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
raining money Shutterstock

On May 19, 2019, the New York City Council passed a series of groundbreaking bills collectively referred to as the Climate Mobilization Act or the “CMA.” The goal of the CMA is to reduce New York City greenhouse gas emissions 80% by year 2050. The bills passed were designed to achieve this lofty goal in part by placing a statutory cap on greenhouse gas emissions, requiring green roofs, and making it easier to build large wind turbines. One of the most significant CMA bills was Int. 1252-A, now known as Local Law 96 of 2019, enabling Property Assessed Clean Energy (PACE) financing in New York City for the first time. Although PACE programs are available for both residential and commercial properties, this article will focus on commercial PACE financing.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 

Banking Litigation & Regulation Forum 2020Event

Delivers the key insights and practical solutions to acutely address the complex minefield of UK banking litigation & regulation.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.