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NYC Strategy Aims To Catalyse Change Through Stakeholders

Date: 29 September 2011

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7 pages, 2 figures

EXECUTIVE SUMMARY

This report helps senior executives within the real estate development value chain to understand strategies and business models that aim to curb the environmental impact of urban communities. In April 2011 New York City (NYC) presented an updated version of its sustainability strategy PlaNYC 2030. First launched in 2007, the strategy addresses the four main challenges NYC faces over the next 20 years: ageing infrastructure, growing population, evolving economy, and climate change. With 132 initiatives inscribed in the new version – compared to 127 in 2007 – the plan aims to achieve citywide emission reductions of 30% by 2030 compared to a 2005 baseline by using commercialised technology to optimize operations and leverage stakeholders’ resources. The strategy aims to generate large-scale behavioural changes in NYC’s population and decrease the risks related to technology-intensive projects. The long-term success of PlaNYC 2030 requires continued political and stakeholder commitment.

TABLE OF CONTENTS

NYC STRATEGY AIMS TO CATALYSE CHANGE THROUGH STAKEHOLDERS
PlaNYC 2030 Provides A Roadmap For Sustainable Population Growth
City Acts As A Catalyst To Leverage Stakeholder Engagement
Low-Risk Strategy Requires Continued Political Commitment

TABLE OF FIGURES

Figure 1. PlaNYC 2030 Comprises 132 Initiatives Across 10 Themes
Figure 2. NYC’s Strategy Aims For A 30% Reduction In Emissions By 2030

ORGANIZATIONS MENTIONED

Alta Bicycle Share, City University of New York, Chevrolet, Greenprint Foundation, Hines, IBM, ICLEI – Local Governments for Sustainability, JouleX, Large Cities Climate Leadership Group, LaSalle Investment Management, Mayor’s Office of Long-Term Planning and Sustainability, National Resources Defense Council, NYC Economic Development Corporation, NYC Energy Efficiency Corporation, Nissan, SAP, Silverstein Properties, TRIRIGA, Vornado Realty Trust, WilmerHale