In this article, you'll learn:

• The impact of New York's Local Law 97 on building owners.
• The financial burden of meeting carbon neutrality standards.
• Why property owners face challenges with expensive upgrades.
• How tenants can protect themselves from cost pass-throughs with proper lease safeguards.

New York’s Local 97 Law represents a drastic attempt to reduce the city’s carbon footprint through enforcing carbon neutrality in its building sector. While sustainability is all well and great, it offsets the responsibility (and costs) of becoming carbon neutral onto property owners rather than providing an actionable system for easing into carbon neutrality.
Local Law 97 is more of a total war against NYC building owners, forcing them to adapt or die. Well, maybe not die, but failure to jump on board will possibly result in being buried under smothering fines. 
This begs the question, how realistic are the parameters for the new law? Let's discuss.