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NY on verge of huge energy overhaul bill, boon for smart building market

New York’s City Council (NYCC) has passed the Climate Mobilization Act, a set of seven bills that won a 45-2 vote to tackle climate change. The most grabbing element is a demand that buildings of over 25,000 square-feet, and there are an awful lot of those in New York, will cut carbon emissions by 40% in 2030, and later 80% in 2050. NYCC is calling on other cities to take similar action, if should some follow suit, a very large market for smart building vendors is about to be blown wide open. In the utility space, the Act is also setting the groundwork to shut down the twenty natural gas plants that keep the city running, with a feasibility study…

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