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Carbon Emissions and the NYC Climate Mobilization Act

By Pillsbury’s Construction & Real Estate Law Team

The Climate Mobilization Act constitutes a profound change from the law of commercial real estate in New York City–along with all stakeholders including building owners, investors, sellers and purchasers, tenants, and lenders will need to take into account how to quantify and allocate the costs of compliance (or non-compliance). Back in”Sustainable Buildings and Development: Carbon Emissions and the Recent Climate Mobilization Act of New York City”, coworkers Caroline A. Harcourt, Sheila McCafferty Harvey, also Jacob A. Axelrod talk about the potential Effect of the recently commissioned Climate Mobilization Act (CMA or the Act) for developers and building owners, lenders and tenants operating or underwriting loans from Nyc.