GHG legislation exists at all levels of regulation from international to hyper-local. NYC’s Greater Greener Buildings Act, for example requires buildings to be carbon neutral as soon as 2025.
Most building GHG (greenhouse gas) emissions are created from heat and cooling activities that use antiquated systems, making it impossible to:
- Measure & report (annual) the carbon impact of a building
- Perform proper cost-benefit analysis of building upgrades
- Automate services & monetize carbon credits
By 2029, most NYC building owners will pay fines of $268 per ton of carbon emission in excess of their cap.
Similar fines, caps and costs are now also being implemented in other cities, regions and nations.
While retrofit activity decreases both costs and carbon emissions in the long-run, the upfront cost and effort of these activities can be unclear or intimidating.