New laws aimed at addressing climate change, particularly Local Law 97, are pressuring building owners to comply by strict deadlines or face fines. Consultants like Jimmy Carchietta have emerged to help navigate these regulations, which include various deadlines and compliance requirements. Many property owners remain unprepared despite the multiple extensions available. This situation has generated significant business opportunities for consultancy services as owners scramble to meet compliance mandates before the looming deadlines, emphasizing the seriousness of these environmental regulations in the real estate industry.
"Despite the extensions, the May 1 deadline has been circled on many calendars and is likely to get owners' attention."
"Carchietta built a product called the Carbon Shield to help owners meet all the mandates. He also bought 89 domain names to steer potential customers his way."
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