Leni Cummins discusses the impact the Climate Mobilization Act will have on condo and co-op boards. The new law, passed by New York City Council and going into effect in 2024, requires that buildings exceeding 25,000 sq. ft. reduce their emissions by 40 percent by 2030 or face a penalty. Buildings are advised to start budgeting and planning now in order to comply with the new laws.
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