Raw video: Mayor Bill de Blasio holds event inside Trump Tower to announce his Green New Deal saying the city will move to 100 percent renewable energy. "These dirty, inefficient buildings pump approximately 27,000 metric tons of greenhouse gases into our air each year, the equivalent of 5,800 cars".
The Trump International Hotel and Tower faces the most fines and will receive an annual penalty of nearly $851,000 in 2030 if renovations are not made, the statement said.
Trump Tower faces a fine of $469,848 per year if no improvements are made, the mayor's office statement said.
New York Mayor Bill de Blasio, who is considering a run for the White House in 2020, on Monday threatened to fine the Trump Organization $2.1 million a year starting in 2030 unless the president's business reduces emissions from its buildings.
Federal authorities and de Blasio were initially supposed to have agreed on a new chairman and CEO for the scandal-rocked authority in April, but have now extended the deadline by a total of 90 days, to July 1. "Your polluting buildings are part of the problem".
"We will not let you mortgage our future for your real estate", de Blasio continued.
The law on buildings emissions is part of the city's Green New Deal initiative, which aims to reduce emissions 30 percent by 2030 and adhere to the standards of the Paris Agreement, an global pact on climate change from which Trump withdrew the United States. All premises larger than 25,000 feet - a total of 50,000 buildings - will be required to cut overall emissions 40 percent or face annual fines.
"We're tackling climate change head-on with NYC's Green New Deal and are the first city in the world to require all big buildings to cut their emissions, with the goal of a carbon neutral city by 2050".
In order to comply with the new regulations, the Trump properties must improve insulation, upgrade window glass, replace boilers and better automate electricity use. Others held up "Trump 2020" signs. "New York City will not survive without a radical action to stop climate change". The city has vowed to divest its pension funds of fossil fuel investments and attempted to sue major oil companies for their role in the climate crisis. The new law, which goes into effect in three days, is a central component of the OneNYC 2050 Green New Deal, a $14 billion effort aiming to cut down 30 percent of greenhouse emissions by 2030.
The new regulations on large buildings echo a central plank of the Green New Deal, a federal plan put forward by the NY congresswoman Alexandria Ocasio-Cortez that calls for retrofitting all buildings for energy efficiency within 10 years.
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