Maloney on federal rollback, building decarbonization, and Local Law 97
Maloney addresses Congress rolling back clean energy tax credits, then pivots to building decarbonization as more than half of projected green jobs, dependent on Local Law 97 enforcement. She thanks committee staff and hands to Chair Won.
Unfortunately, the federal government's actions undercut much of the intentions of the plan.
Last summer, Congress rolled back the clean energy tax credits that much of this plan relied on.
So when EDC says certain commitments are still on track,
Thrilled to hear that, but want to understand a bit more about where the funding is coming from.
And lastly, building decarbonization or lowering a building's carbon footprint accounts for more than half of the green jobs that are projected in this plan and depends on the successful implementation of Local Law 97.
By setting carbon emissions for large buildings, Local Law 97 creates the demand for retrofits and the workforce needed to complete them.
Meeting the employment targets outlined in the plan assumes that Local Law 97 is being enforced and implemented on schedule, and we want to discuss the progress of those building retrofits to date, how many jobs are currently in the pipeline,
and how we are supporting decarbonization across the city.
Before we hear from the administration, I want to thank the committee staff for their hard work, starting with Senior Counsel Alex Polonov, Senior Policy Analyst William Hongnank, and Financial Analyst Spencer Kuhn.
And with that, I will turn to Chair Wan for her opening remarks.