When it comes to combating climate change, the stakes have never been higher. The Trump administration’s failure to address this crisis means progressive urban leaders must do much more to reduce carbon emissions – especially in large apartment buildings that contribute so heavily to climate change.
One of the greatest challenges to addressing carbon emissions in residential buildings is ensuring that crucial energy efficiency upgrades don’t trigger rent hikes for low- and middle-income tenants living in rent-stabilized apartments. Rent-stabilized units account for a significant percent of large multifamily building space, so it is important to find a way to address this situation.
The good news is that we and dozens of other organizations have joined forces on a new proposal that would tackle this challenge – among others – by reducing carbon emissions at 50,000 New York City buildings while providing a plan to avoid hitting rent-stabilized tenants with the bill.
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