Wednesday July 17th, 2019
8:30 am to 10:30 am

Full video for "Climate Mobilization Act Series: PACE Financing"

New York City Council has passed the Climate Mobilization Act (CMA) – a groundbreaking package of bills designed to dramatically improve the carbon footprint of buildings across New York City. In partnership with the Mayor’s Office of Sustainability and the NYC Retrofit Accelerator, the Building Energy Exchange is holding a series of programs designed to demystify the components of the CMA and connect our community with relevant solutions.  This program, the third event in the series, will focus on the introduction of a new City-based Property Assessed Clean Energy (PACE) program to enable retrofits through long-term financing.

The centerpiece of the CMA is a law that will require buildings above 25,000 square feet to meet strict greenhouse gas emissions limits starting in 2024. Among the first of its kind in the country, the bill is expected to reduce cumulative building emissions 40% citywide by 2030 through retrofits in about 75% of large buildings.  The CMA also requires the installation of solar PV and green roofs on many NYC buildings, and provides avenues for buildings to offset excessive emissions with Renewable Energy Certificates (RECs).

The creation of a NYC-based PACE program represents a major milestone for the financing of energy efficiency measures in the building industry.  PACE programs in other cities and states have a long history of driving the initiation of energy conservation projects.  Hear from experts directly involved in the development of the legislation and representatives of NYCEEC, the organization charged with the implementation of PACE in NYC. The program administrators of the Maryland and Washington, D.C. programs will present on the impact of PACE financing in those jurisdictions and highlight the diversity of innovative projects across many building typologies and market segments.

Join the Building Energy Exchange and the Mayor’s Office in this discussion of the PACE component of the Climate Mobilization Act.

Aaron Ordower, NYC Mayor’s Office of Sustainability
Fred Lee, NYC Energy Efficiency Corporation
Bracken Hendricks, Urban Ingenuity
Jessa Coleman, PACE Financial Servicing

8:30 – 9:00: Registration (coffee)
9:00 – 9:15: Welcome & Introductions
9:15 – 10:15: Presentations
10:15 – 10:30: Moderated Questions
10:30: Close



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  • Climate Mobilization Act

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