New York City's ambitious climate law, aimed at reducing carbon emissions from buildings, may be facing a potential setback as the city prepares to launch its first-ever "Coming Friday Sale" of Unlimited Renewable Energy Credits (RECs). The sale, set to take place on Friday, could flood the market with a massive influx of RECs, potentially undermining the city's efforts to drive building owners to invest in renewable energy and energy efficiency. Critics argue that the sale will create a surplus of RECs, making it cheaper for building owners to purchase them rather than investing in actual clean energy projects. As a result, the city's climate goals may be compromised, and the effectiveness of the law could be severely diminished.
With Coming Friday Sale Date, Unlimited Renewable Energy Credits (RECs) Could Undermine NYC Buildings Climate Law Food & Water Watch
