Commercial, Energy Efficiency, GHG Emissions - October 4, 2022
NY State Chooses Real Estate Partners for Climate-Friendly Buildings
Governor Kathy Hochul announced that six new real estate partnerships will join the State's $50 million Empire Building Challenge to help advance a climate-friendly building stock in New York State.
The partnerships consist of real estate teams and will develop highly repeatable approaches to reduce carbon emissions in the heating and hot water systems for 5.6 million square feet of existing high-rise buildings, including 316 affordable housing units.
New partners announced today include Amalgamated Housing Corporation, Boston Properties, Brookfield Properties, Equity Residential, LeFrak Organization, and Tishman Speyer.
The Clean Fight was selected as the program administrator for the Empire Technology Prize, a prize program developed to advance building technologies in New York State commercial and multifamily buildings and support the Climate Leadership and Community Protection Act's goal to reduce GHG by 85% by 2050.
"New York is blazing a path in finding innovative ways to reduce greenhouse gas emissions in buildings, and through continued partnerships with experienced real estate teams like the ones announced today, we are providing real-life examples of how it can be done," Governor Hochul said in a statement. "I congratulate our new Empire Building Challenge partners and know their vision and dedication to decarbonizing our buildings will get us even closer to achieving two million climate-friendly homes by 2030."
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