Climate Change & Resiliency
USEPA Extends Deadline for Installation of Variable Refrigerant Flow Systems Using Regulated Hydrofluorocarbons
On December 12, 2024, the U.S. Environmental Protection Agency (USEPA) published its final rule extending the time for certain new variable refrigerant flow (VRF) air conditioning and heat pump systems to comply with the hydrofluorocarbon (HFC) phasedown requirements of the American Innovation and Manufacturing Act of 2020 (AIM Act). HFCs are greenhouse gases with global…
New Proposed Local Law 97 Regulations Include Key Offset, Adjustment, and Cogeneration Provisions
On September 27, 2024, the New York City Department of Buildings (DOB) issued its third proposed rulemaking package to implement Local Law 97 of 2019 (LL97). LL97 requires most large buildings in NYC to meet increasingly stringent greenhouse gas (GHG) emissions limits starting in 2024. The proposed regulations establish a new GHG emissions offset program…
NEPA Phase II Final Rule Goes into Effect, Bringing Climate Change and Environmental Justice to the Forefront
On July 1, 2024, the Council on Environmental Quality’s (CEQ) final rule implementing the revised National Environmental Policy Act (NEPA) Phase II regulations came into effect. This rule represents the culmination of the Biden Administration’s efforts to update and revise the Trump Administration’s 2020 modifications to NEPA. The Phase II rulemaking aimed to rearticulate key…
Inflation Reduction Act Guidance: Recent Updates to the Domestic Content and Energy Community Bonus Credits
The Internal Revenue Service (IRS) and the Treasury Department have recently released updated guidance under the Inflation Reduction Act of 2022 (IRA). As covered in a prior SPR Blog Post, the IRA allows taxpayers to deduct a percentage of the cost of eligible renewable energy systems from their federal taxes through an Investment Tax Credit…
NYC Local Law 97 Remains In Effect After Appellate Decision In Glen Oaks Case
On May 16, 2024, the New York Appellate Division, First Department, reversed in part the trial court decision that dismissed the challenge to New York City’s building emissions law, Local Law 97. The case is Glen Oaks Village Owner, Inc., et al. v. City of New York, et al. (App. Div. No. 2024-00134, Sup. Ct….
Inflation Reduction Act: Recent Guidance and the Path Forward in 2024
On February 20 and February 21, 2024, the Internal Revenue Service (IRS) and the Department of the Treasury (Treasury) held a public hearing on proposed regulations concerning the definition of energy property and rules applicable to obtaining tax credits pursuant to the Inflation Reduction Act of 2022 (IRA). The IRA allows taxpayers to deduct a…