New York City Plans to Make Older Buildings Refit to Save Energy
Elected leaders in New York City will propose a suite of laws and other initiatives on Wednesday aimed at reducing energy consumption and related emissions of greenhouse gases by requiring owners of thousands of older buildings to upgrade everything from boilers to light bulbs.
Planners asserted that the package, drafted by the offices of Mayor Michael R. Bloomberg and the City Council speaker, Christine C. Quinn, would result in $2.9 billion in private investment in building improvements by 2022 and generate 2,000 new jobs in energy auditing and related fields as well as thousands of temporary construction jobs.
City officials estimated that it would save property owners roughly $750 million a year in energy costs, city officials said. The program would begin in 2013, with 2,200 buildings performing audits and beginning upgrades each year for a decade.
To limit political hurdles, improvements to a building would be mandatory only if the energy audits showed that the costs of the improvements could be recouped through declines in energy bills within five years.