Episode Details

New York City landlords just got a loophole to dodge climate law penalties—buy renewable energy credits for just $35.52 each, starting Wednesday. While officials say it funds clean grid projects like the Champlain Hudson transmission line and eases compliance, critics slam it as a cash grab for billionaires, letting property owners avoid costly building upgrades while polluting inside their own buildings. With no cap on how many credits you can buy—and way cheaper than retrofits or fines—the move sparks outrage from environmental advocates demanding the mayor shut it down. The credits cover only electricity emissions, not building pollution, but that’s not stopping the debate over whether this financial trick really helps—or hurts—the city’s climate goals.

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