This document provides a summary of NYC Local Law 97, which sets carbon caps for certain buildings starting in 2024. The document gives hightlight of the law, the impact it will have, and the timeline.

Building Performance Standards (BPS) are a key policy mechanism to significantly and speedily reduce the energy use and emissions of existing buildings. BPS is primarily being implemented by cities and states, as a means to reach their climate goals. Policymakers in cities planning a BPS are grappling with a host policy design questions