Some More Energy Reality In New York City
/New York thinks it is going to be the “leader” in showing the world how to transition away from fossil fuels to “green” energy. Our politicians and bureaucrats have not bothered with things like feasibility studies or demonstration projects showing that this can be done, because after all they are geniuses and it is up to the little people to figure out the details.
So the energy transition has been ordered up via statutes filled with mandates and deadlines and penalties, with no attention paid to feasibility or cost. We now all get to sit back and watch as this crashes and burns.
In New York City, the main statute on this subject, enacted in 2019, has the title of Climate Mobilization Act, also known as Local Law (LL) 97. The most significant impending mandates are for reductions in “emissions” from buildings, with the first deadline for residential buildings coming right up in January 2024. Few building will fail the 2024 cap, but the mandated emissions limits keep ratcheting down over time. The mandate for 2030 for residential buildings over 25,000 square feet is set such that it cannot be met if the building continues to use gas or oil for heat; so effectively this is a mandate to convert to electric heat by that time.
So how big a problem will it be for these buildings to convert to electric heat? Nobody really knows. However, things are about to change.