Money: Trump's New York towers face million dollar fines under Green New Deal - PressFrom - United Kingdom
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MoneyTrump's New York towers face million dollar fines under Green New Deal

16:25  15 may  2019
16:25  15 may  2019 Source:   dezeen.com

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Trump's New York towers face million dollar fines under Green New Deal © Provided by Dezeen Limited Trump Tower New York

New York mayor Bill de Blasio has warned president Donald Trump that he could be fined up to $2.1 million (£1.6m) if he doesn't retrofit his towers in the city to meet new environmental targets.

De Blasio issued notice to the president that eight of his residential and hotel towers do not comply with the environmental goals of the New York City Green New Deal – a major new initiative to reduce the city's greenhouse gas emissions.

Trump could face fines of up to $2.1 million (£1.6m) every year from 2030 if the structures aren't amended to meet new standards.

"President Trump – you're on notice," said De Blasio. "Your polluting buildings are part of the problem. Cut your emissions or pay the price."

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The Guardian reports that eight of President Donald Trump ’ s New York properties face millions in climate fines under new regulations. According to city officials, Trump ’ s largest New York properties — including Trump Tower on Fifth Avenue and the Trump Building on Wall Street — will

Trump's New York towers face million dollar fines under Green New Deal © Getty

Trump towers among "biggest polluters in New York City"

The mayor held a rally at Trump Tower yesterday to promote the New York City Green New Deal, which was passed last month. The initiative is taking a major stance against the city's high-rises, which account for nearly a third of all greenhouse gas emissions.

This includes a mandate for landlords to retrofit high-rises or face large fines, set to come into effect 17 May. Trump, who was a prolific real-estate developer prior to becoming president, is highlighted as a key target.

His eight culpable projects, which include Trump Tower, Trump Park Avenue and Trump Palace, are estimated to produce as many greenhouse gases as 5,800 cars a year. Among the worst offenders is Trump International Hotel & Tower, 1 Central Park West, which is expected to cost $850,871 (£658,833) in fines per year if no improvements made.

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Under a new law, the Trump Organization will face .1M in At a campaign-style rally in the lobby of Trump Tower Monday, Mayor Bill de Blasio slammed President Donald Trump for million in fines “We have a message for President Trump , and all the other big building owners in New York City, cut

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"We're calling [the Trump organisation out] for what they are doing to the climate," said De Blasio at the 13 May event. "His buildings are among the biggest polluters in New York City."

Green New Deal hits city high-rises

New York's $14 billion (£10.8 billion) Green New Deal comprises a number of initiatives to reduce greenhouse gasses in the city by 30 per cent by the year 2030. In addition to retrofitting existing high-rises, the mayor has also banned the construction of new glass and steel skyscrapers.

New glazed structures could be built under the new law, but would have to align with energy efficiency targets.

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New York City is on a mission to combat climate change. A big piece of that involves reducing emissions from its million -plus buildings, its biggest source of carbon emissions. The bill, part of a larger climate change package that’ s being called the city’ s Green New Deal , will force owners of

Donald J. Trump , left, with Mayor Ed Koch, center and New York Gov. Hugh L. Carey, pointing to a rendering of what would become the Grand Hyatt Hotel, in June 1978. A crucial factor behind the hotel’ s construction was 40-year tax break that has cost New York City 0 million to date.

De Blasio plans to cut down on the use of fossil fuels in favour of renewable energy sources, and to source zero-emission, hydro-power from Quebec, Canada. New York City will also be suing five large petroleum companies to "get back in damages the money to fix what they did to the city".

New York's Green New Deal forms part of the city's OneNYC 2050 strategy to become carbon neutral by 2050. These goals come in direct opposition to the ambitions of Donald Trump, who is a climate-change skeptic.

Many align with those of the Paris Agreement – the international climate-change treaty that Trump withdrew the US from in 2017.

Trump's New York towers face million dollar fines under Green New Deal © Getty New York City Mayor Bill de Blasio speaks at Trump Tower about the Green New Deal, serving notice to US President Donald Trump demanding more energy-efficient buildings, including Trump Tower

Read on for the full list of Trump's offending towers, as published by New York City government:

Trump International Hotel & Tower

1 Central Park West

Estimated 2030 fine: $850,871 per year if no improvements made

40 Wall Street

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New York City Councilman Joe Borelli on New York City Mayor Bill de Blasio bringing the Green New Deal to the city. Google could owe millions of dollars in fines in New York City under Business Insider, citing a spokesperson for the mayor, said those buildings could face a .5 million fine .

Under New York City's " Green New Deal ," large buildings in the city are required to dramatically cut their greenhouse gas emissions or face penalties. If Trump ’ s buildings will not be cleaned up, he’ll owe about .1 million in fines every year starting in 2030. “We’re tackling climate change head-on

Estimated 2030 fine: $164,565 per year if no improvements made

Trump World Tower

845 United Nations Plaza No. 37-B

Estimated 2030 fine: $212,121 per year if no improvements made

Trump Tower

721 Fifth Avenue

Estimated 2030 fine: $469,848 per year if no improvements made

Trump Park Avenue

502 Park Avenue

Estimated 2030 fine: $126,316 per year if no improvements made

Trump Parc

106 Central Park South

Estimated 2030 fine: $40,360 per year if no improvements made

Trump Parc East

100 Central Park South

Estimated 2030 fine: $26,629 per year if no improvements made

Trump Palace

200 East 69th Street

Estimated 2030 fine: $239,315 per year if no improvements made

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