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New financing, resources and governance help New York City buildings convert to cleaner fuels

C40 Chair, New York City Mayor Michael R. Bloomberg, recently announced more than $100 million in financing and other new resources to help city buildings convert to cleaner fuels. The financing and assistance results from innovative partnerships between leading banks, energy providers and environmental groups, and are a part of the NYC Clean Heat program the Mayor launched last year to help buildings meet cleaner fuel requirements.

NYC Clean Heat is a program that seeks to improve air quality and save lives by eliminating heavy oil use and accelerating the adoption of the cleanest fuels. The program provides resources to building owners, managers, and residents, and works with organizations that can help buildings make the switch.

Effective July 1, 2012 New York City no longer issues a Certificate of Operations to buildings that burn No. 6 oil. Regulations issued by the New York City Department of Environmental Protection will eventually phase out the use of No. 6 and 4 heavy heating oils in New York City altogether. The roughly 10,000 buildings that burn No. 6 and No. 4 heavy oil contribute more soot pollution than all cars and trucks on the city’s roads. Eliminating those fuels will help meet Mayor Bloomberg’s aggressive new PlaNYC goal to reduce soot pollution by 50 percent by 2013, saving 120 lives and preventing 300 asthma-related hospital visits.