In a statement, he said the changes would help meet market demands and also "shape the industry." Hardy was previously the CEO of Ørsted Offshore North America. Likewise, the Danish company Ørsted said it was bringing together its land-based and offshore wind clean energy businesses as one new organization, the Americas region, under David Hardy, who would be its CEO. And the changes could also be seen as companies with European roots preparing for the long haul here.Įarly last week, Atlantic Shores Offshore Wind, LLC - a partnership between Shell New Energies US LLC and EDF Renewables North America - announced long-time company official Joris Veldhoven as the company’s first CEO. WIND CEOS - The two companies responsible for what would be the first three offshore wind farms in New Jersey both announced new structures and CEOs last week, a sign of a sector that is maturing as construction is set to begin on the farms themselves. “The Mayor must not create a potential ‘buy-out’ provision that would become a massive loophole for building owners to avoid requirements to slash air pollution from their buildings,” the groups Food & Water Watch, New York Communities for Change and New York Public Interest Research Group said in a joint statement. The credits will help finance new renewable projects that connect directly into New York City, such as the planned hydropower transmission line from Canada.Įnvironmental groups want a cap on RECs so they only cover up to 10 percent of a building’s total pollution, to ensure building owners are still required to make energy efficiency improvements to their portfolios. The draft rules don’t say much about renewable energy credits (RECs) - which can be purchased to help landlords meet their emissions reduction targets. Still, not everyone’s questions about the law have been answered. The goal of the law is to cut emissions 40 percent by 2030 and 80 percent in 2050. Large buildings have to begin complying with the standard in 2024, with stricter limits going into effect in 2030. The city also posted a list of buildings that are subject to the law, which includes everything from apartment buildings to grocery stores, according to The City.
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The document spells out how to calculate a building’s carbon footprint, giving the real estate industry more guidance on how to comply with the law and avoid fines, The Real Deal reported. The draft rules provide some clarity on how the landmark law to cut emissions from buildings over 25,000 square-feet will be implemented.
The company that spurred much of the awareness of and opposition to cryptocurrency mining at old fossil plants in New York has new leadership and reported losses last week.īUILDING EMISSION RULES OUT: The city Department of Buildings last week officially published its first round of rules on Local Law 97, as we reported last week were due to drop any day. Hochul does not have to act on the legislation until the end of the year, and has previously responded to questions about her plans for it by noting the many bills awaiting action.
It was signed by about 500 environmental and other organizations, businesses, faith-based and labor groups. “Cryptocurrency mining’s energy consumption must be reviewed to see if the practice can align with New York’s climate law,” the letter states. Proponents of the legislation sent another letter arguing Hochul must sign the bill to ensure success of the state’s climate law last week. Hochul has remained noncommittal about the issue and downplayed contributions to her campaign from the cryptocurrency industry, which has vociferously opposed the moratorium despite its limited scope.
CRYPTO PRESSURE STILL ON: Supporters of a temporary moratorium on cryptocurrency mining operations directly powered by fossil generators continue to push Gov.
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