Local Law 97 penalty estimate
20 CATHERINE SLIP: $1,010,539/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,010,539/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 20 CATHERINE SLIP will be 3,771 tons over the cap.
- Penalty is $268/ton over the cap, $1,010,539 total
8,749 ton cap3,771 over
What is the estimated penalty for 20 CATHERINE SLIP right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 20 CATHERINE SLIP is 309 tons under the emissions cap.
- So it owes no penalty.
Emitted 14,200Allowed 14,510
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 14,510 to 8,749 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 14,200 to 12,519 tons.
- Energy use is held the same.
- Tons over go from 0 to 3,771 tons.
How much would the building need to cut its emissions to avoid the penalty?
31% less emissions than today
- This building must emit 31% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 20 CATHERINE SLIP?
30/100, grade D
- 20 CATHERINE SLIP scores 30 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 111 kBtu per sq ft a year.
DCBA
300100
How reliable is this estimate?
- This is a planning estimate, not the city's official number.
- Owners report their own energy use, and reports can have mistakes.
- The city makes the final call.
- ✓Energy use comes from the building's own 2024 report to the city
- ✓Emissions rates for 2024 to 2029 match the law
- ✓Emissions rates for 2030 on match the city rule
- ✓The property type is matched to the city's category
- ○The compliance route the city assigns is not confirmed
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