july 18, 2013 david gilford, assistant director

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July 18, 2013 David Gilford, Assistant Director Energy and Climate Change Action Lab: The New York City Perspective

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Energy and Climate Change Action Lab: The New York City Perspective. July 18, 2013 David Gilford, Assistant Director. Energy and Climate Change Action Lab: The New York City Perspective Overview. Objectives for NYC Economic development Sustainability Policies for sustainability PlaNYC - PowerPoint PPT Presentation

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Page 1: July 18, 2013 David Gilford, Assistant Director

July 18, 2013David Gilford, Assistant Director

Energy and Climate Change Action Lab: The New York City Perspective

Page 2: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Energy and Climate Change Action Lab: The New York City PerspectiveOverview

Objectives for NYC- Economic development- Sustainability

Policies for sustainability- PlaNYC- Greener, Greater Buildings Plan

Beyond policy: stimulating innovation and adoption- Open Data and Competitions- Energy Aligned Clause

Topics for discussion

Page 3: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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NYCEDC’s Objectives in Clean Technology and EnergyLinking sustainability and economic growth

Credit: NYC Mayor’s Office of Long-term Planning and Sustainability

Growth in employment, companies and investment while:

increasing energy efficiency,

expanding the production of clean energy,

reducing greenhouse gas emissions, waste and pollution, and

conserving water and other natural resources.

Page 4: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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New York City’s Sustainability ObjectivesPlaNYC has 10 categories of goals for 2030, through 132 initiatives

Neighborhoods and HousingCreates homes for almost a million more New Yorkers while making housing and neighborhoods more affordable and sustainable

Parks and Public SpaceEnsures that all New Yorkers live within a ten-minute walk of a park

BrownfieldsCleans up all contaminated land in New York City

WaterwaysImproves the quality of New York City’s waterways to increase opportunities for recreation and restore coastal ecosystems

Water SupplyEnsures the high quality and reliability of the water supply system

Climate ChangeReduce greenhouse gas emissions by more than 30% and increase the resilience of communities, natural systems, and infrastructure to climate risks

TransportationExpand sustainable transportation choices and ensure the reliability and quality of the transportation network

EnergyReduce energy consumption and make energy systems cleaner and more reliable

Air QualityAchieve the cleanest air quality of any large U.S. city

Solid WasteDivert 75% of solid waste from landfills

PlaNYC is estimated to create 7,666 direct jobs annually through 2030

Page 5: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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New York City has:

~1 million buildings

15,000 properties 50k ft2 or larger, which is less than 2% of all buildings

45% of energy used citywide is in large buildings

Policies for SustainabilityEnergy efficiency in large buildings is critical to NYC

Source: NYC Mayor’s Office

Page 6: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Greener, Greater Buildings Plan (GGBP) Will reduce almost 5% of citywide GHG emissions www.nyc.gov/ggbp

NYC Green Codes Task Force 111 proposals to green local codes, with 51

reducing energy use in buildings www.nyc.gov/gctf

30 x 17,Mayor’s CarbonChallenges to Hospitals & Universities

30x17 and Mayor’s Carbon Challenges Targeted sectors “challenged” to achieve 30%

GHG emissions reduction in 10 years www.nyc.gov/html/gbee/html/public/ghg.shtml www.nyc.gov/carbonchallenge

Policies for SustainabilityPlaNYC launched 3 major energy efficiency initiatives

Page 7: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Beyond Policy: Open Data and CompetitionsEnergy data challenges and “hackathons” are cost-effective yet powerful tools

Page 8: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Beyond Policy: Energy Aligned ClauseIncentives are often misaligned, preventing investment in retrofits

Problem: In typical leases, savings from energy retrofits are passed through to the tenants, so:

It is not in the owners’ immediate interest to invest capital in improvements.

Thus savings and other benefits are left on the floor.

60% of commercial landlords surveyed in NYC say split incentives inhibit them from undertaking energy retrofits.

Goal: Create conditions so both commercial building owners and tenants can benefit financially from base-building energy retrofits

Page 9: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Beyond Policy: Energy Aligned ClauseBuilding a “win-win-win” solution

The EAC, an overview, and the financial model are available at www.nyc.gov/eac.

Page 10: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Questions for Discussion

What are the key barriers to greater investment in energy efficiency? Financial? Informational? Regulatory? Others?

Is the availability of financing a major issue?

How is the split incentive problem being addressed elsewhere?

How do companies evaluate the uncertainty in projections of savings and payback periods?

What role can data and analytics play in improving decision-making?

Is the NYC experience unique? What factors vary at the city, regional or national level?

Page 11: July 18, 2013 David Gilford, Assistant Director

NYC ECONOMIC DEVELOPMENT CORPORATION

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Thank You

David GilfordAssistant Director, NYCEDC

www.nycedc.com/cleantech

Twitter: @dgilford and @nycedc