Climate Mobilization Act: Financing and Offsetting the New Emissions Limitations Requirements

Originally held on Wednesday, February 10, 2021 | 4:00 pm – 5:30 pm

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Program Moderator:
Leslie R. Byrd
Special Counsel
Stroock & Stroock & Lavan LLP

  • The 2019 Climate Mobilization Act (Local Laws 92, 94, 95, 96 and 97) establishes aggressive greenhouse gas emissions caps for NYC buildings that exceed 25,000 gross square feet. The caps go into effect in 2024, and become more stringent every 5 years. Both commercial and residential buildings will be impacted. This CLE will explain the new compliance obligations, identify upcoming deadlines and provide guidance on commercial lease provisions and strategies for co-ops and condominiums. An experienced, multi-disciplinary panel will distinguish the CMA from other local law requirements on energy use and reporting and explain how to pursue adjustments and offsets to emissions requirements. The panel will discuss design/engineering considerations and reveal how owners can obtain financing for compliance through the property assessed clean energy (PACE) program.

    Program Fee:
    $89 for Members | $189 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, or attorneys who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Raymond “Rusty” Pomeroy II
    Special Counsel
    Stroock & Stroock & Lavan LLP

    Joel Ullmann
    SVP and Executive of Strategic Projects Team
    Redaptive, Inc.

    Michael Scorrano, PE
    Managing Director and Founder
    EN-POWER GROUP

  • 4:00 pm – 5:20 pm
    Panel Moderator: Leslie R. Byrd

    Legal:

    • Introduction to CMA/LL 92, 94, 95 and 97 requirements
    • Ongoing work regarding implementation and the development of regulations
    • Adjustments to emissions caps
    • Commercial/Net Lease considerations
    • Considerations for Co-op/Condos
    • Critical Deadlines

    Speaker: Raymond “Rusty” Pomeroy

    Energy Consultant:

    • Distinguish LL 97 from other LLs and their requirements
    • Difference between Emissions and Energy Use and Energy Grades
    • Explain how renewable energy credits and carbon offsets work in NYC
    • Logistics for obtaining credits/offsets to meet emissions caps

    Speaker: Michael Scorano

    PACE Financing & Capital Projects Consultant:

    • Introduction to PACE Financing/LL 96
    • Application Process
    • Qualifying Upgrades
    • Overcoming mortgage lender’s prohibition on secondary financing

    Speaker: Joel Ullmann

    5:20 pm – 5:30 pm
    Question/Answer Session
    Panel

  • New York: 1.5 Professional Practice
    New Jersey: 1.8 General
    California: 1.5 General
    Pennsylvania: 1.5 General
    Connecticut: Available to Licensed Attorneys

  • Sponsoring Association Committees:
    Real Property, Dorothy Heyl, Chair
    Energy, Rossalyn K. Quaye, Chair
    Environmental Law, Bethany Davis Noll and L. Margaret Barry, Co-Chairs

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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