BOMA New York recently held its annual Energy Action Day event to discuss the city’s post-Local Law 97 built environment. The panelists, including representatives from Vornado Realty Trust, Brookfield Properties, and RXR, spoke about their commitment to carbon neutrality and the benefits of energy efficiency for tenants’ health and well-being, as well as property values. The panelists also discussed the growing nexus between wellness and sustainability and the trend toward electrification in the city.  

New York State Senator Kevin S. Parker delivered the keynote address, confirming the state’s plan to ban natural gas hookups for most new buildings from 2026. 

Sen. Parker added that there was “a lot of work ahead of us,” but “all of us are working together” on the electrification of public and private development projects. “Gas isn’t the bad guy,” he said. “It’s reducing the carbon emissions from gas and methane. It’s a global challenge.”