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Our city’s existing housing crisis could be worsened if a proposed retrofit mandate allows Major Capital Improvements to pass costs on to tenants. Owners already have many other ways to recover the costs of energy efficiency improvements. 

Comparison Chart: Large Building Energy Efficiency Requirements — Enact the Climate Works for All Plan, Which Slashes Climate Pollution, Maximizes Good Jobs & Protects Affordable Housing

Energy use in buildings accounts for almost 70% of the carbon emissions in NYC that cause climate change. Lights, hot water heating and cooling use electricity, natural gas, and/or oil.