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  • Giro Katsimbrakis On PlaNYC's Energy/Cost-Cutting Real Estate Goal

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    Giro Katsimbrakis
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    Good news out of New York–last week, Mayor Bloomberg announced a new initiative which pushes the multifamily building sector to cut energy waste, thereby reducing the cost of living in New York. The initiative is part of a larger effort, PlaNYC’s 2005 Carbon Challenge, which aims to reduce climate change-related pollution by 30% by 2030. While over the past eight years, such pollution has been reduced by 19% already, catastrophic weather events like Hurricane Sandy are fueling the city’s urgency to get the job done, and fast. And they certainly knocked on the right door. In New York City, 55% of total greenhouse gas emissions come from multifamily properties. These buildings also make up over 75% of all NYC buildings, 65% of floor space, and 50% of all energy used. Ten leading residential residential property firms, managing between 200 and 500 buildings, have already signed on to the goal of reducing their emissions by 30%. If the challenge is met, 100,000 metric tons of carbon emissions could be cut per year. And most professionals in the industry agree the challenge can definitely be met, as lots of necessary changes would be relatively easy to make, from dimming stairwell lights at night to installing control valves on steam radiators. The project is similar to President Obama’s federally-implemented Better Buildings Challenge, which uses the same strategy of mobilizing the multifamily real estate sector to help prevent climate change and cut energy costs. Giro Katsimbrakis says kudos to real estate builders everywhere for taking on the challenge and helping make a difference!

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    Good news out of New York–last week, Mayor Bloomberg announced a new initiative which pushes the multifamily building sector to cut energy waste, thereby reducing the cost of living in New York. The initiative is part of a larger effort, PlaNYC’s 2005 Carbon Challenge, which aims to reduce climate change-related pollution by 30% by 2030. While over the past eight years, such pollution has been reduced by 19% already, catastrophic weather events like Hurricane Sandy are fueling the city’s urgency to get the job done, and fast. And they certainly knocked on the right door. In New York City, 55% of total greenhouse gas emissions come from multifamily properties. These buildings also make up over 75% of all NYC buildings, 65% of floor space, and 50% of all energy used. Ten leading residential residential property firms, managing between 200 and 500 buildings, have already signed on to the goal of reducing their emissions by 30%. If the challenge is met, 100,000 metric tons of carbon emissions could be cut per year. And most professionals in the industry agree the challenge can definitely be met, as lots of necessary changes would be relatively easy to make, from dimming stairwell lights at night to installing control valves on steam radiators. The project is similar to President Obama’s federally-implemented Better Buildings Challenge, which uses the same strategy of mobilizing the multifamily real estate sector to help prevent climate change and cut energy costs. Giro Katsimbrakis says kudos to real estate builders everywhere for taking on the challenge and helping make a difference!

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    5 views2 pages

    Giro Katsimbrakis On PlaNYC's Energy/Cost-Cutting Real Estate Goal

    Uploaded by

    Giro Katsimbrakis
    Good news out of New York–last week, Mayor Bloomberg announced a new initiative which pushes the multifamily building sector to cut energy waste, thereby reducing the cost of living in New York. The initiative is part of a larger effort, PlaNYC’s 2005 Carbon Challenge, which aims to reduce climate change-related pollution by 30% by 2030. While over the past eight years, such pollution has been reduced by 19% already, catastrophic weather events like Hurricane Sandy are fueling the city’s urgency to get the job done, and fast. And they certainly knocked on the right door. In New York City, 55% of total greenhouse gas emissions come from multifamily properties. These buildings also make up over 75% of all NYC buildings, 65% of floor space, and 50% of all energy used. Ten leading residential residential property firms, managing between 200 and 500 buildings, have already signed on to the goal of reducing their emissions by 30%. If the challenge is met, 100,000 metric tons of carbon emissions could be cut per year. And most professionals in the industry agree the challenge can definitely be met, as lots of necessary changes would be relatively easy to make, from dimming stairwell lights at night to installing control valves on steam radiators. The project is similar to President Obama’s federally-implemented Better Buildings Challenge, which uses the same strategy of mobilizing the multifamily real estate sector to help prevent climate change and cut energy costs. Giro Katsimbrakis says kudos to real estate builders everywhere for taking on the challenge and helping make a difference!

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    uoou news out of New Yoik-last
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    pushes the multifamily builuing
    sectoi to cut eneigy waste, theieby
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    climate change-ielateu pollution
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    weathei events like Buiiicane Sanuy aie fueling the city's uigency to get the job
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    Anu they ceitainly knockeu on the iight uooi. In New Yoik City, SS% of total
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    make up ovei 7S% of all NYC builuings, 6S% of flooi space, anu Su% of all eneigy
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    Ten leauing iesiuential iesiuential piopeity fiims, managing between 2uu anu Suu
    builuings, have alieauy signeu on to the goal of ieuucing theii emissions by Su%. If
    the challenge is met, 1uu,uuu metiic tons of caibon emissions coulu be cut pei yeai.
    Anu most piofessionals in the inuustiy agiee the challenge can uefinitely be met, as
    lots of necessaiy changes woulu be ielatively easy to make, fiom uimming staiiwell
    lights at night to installing contiol valves on steam iauiatois.

    The pioject is similai to Piesiuent 0bama's feueially-implementeu Bettei Builuings
    Challenge, which uses the same stiategy of mobilizing the multifamily ieal estate
    sectoi to help pievent climate change anu cut eneigy costs. Kuuos to ieal estate
    builueis eveiywheie foi taking on the challenge anu helping make a uiffeience!

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