Mayor de Blasio Announces Major Expansion of NYC Carbon Challenge as 22 Commercial Owners and Tenants Commit to Dramatically Reduce Greenhouse Gas Emissions in Next 10 Years

Commitment by additional participants adds more than 58 million square feet to the Challenge and is projected to result in an estimated $50 million in energy savings

Mayor Bill de Blasio, in partnership with the Real Estate Board of New York (REBNY), today announced the official launch of the NYC Carbon Challenge for Commercial Owners and Tenants. This represents another significant expansion of the partnership between the City and private and institutional sector leaders, who have committed to reduce greenhouse gas (GHG) emissions from their buildings by 30 percent or more in 10 years. To achieve these reductions, existing participants as well as new commercial owner and tenant participants have committed to work together to identify strategies for coordinated implementation of energy efficiency projects in their buildings...

“We applaud our members and the other participants who have committed to the NYC Carbon Challenge,” said John H. Banks III, President of the Real Estate Board of New York (REBNY). “By implementing energy efficiency improvements, these owners and tenants are helping the City reach its 80 by 50 goal and setting an example for others towards achieving a more sustainable future.”

Commercial buildings account for roughly 30 percent of New York City’s GHG emissions and the energy used in interior leased office space accounts for 40 to 60 percent of total energy consumption in a typical commercial office building. However, commercial owners and tenants face a range of barriers to meaningful coordination that persistently delay or prevent uptake of energy efficiency and cost saving measures. As part of the expansion, participating commercial owners and tenants will be better equipped to find unique and creative solutions that enable greater energy efficiency and sustainability improvements than either party could achieve on its own.

The ten participating commercial owners include: the Durst Organization, Forest City, Normandy Real Estate Partners, The Related Companies, Rockefeller Group, Rudin Management Company, Inc., RXR Realty, SL Green Realty Corp., Silverstein Properties Inc. and Vornado Realty Trust. These owners have committed 56 buildings within their portfolios to the program...

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