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Emissions caps are now line items. Meet them with instruments that survive an audit, at the cost of compliance rather than the cost of a fine.
Emissions caps are now line items. Meet them with instruments that survive an audit, at the cost of compliance rather than the cost of a fine.
New York's Local Law 97 puts an absolute cap on emissions per square foot for roughly 50,000 buildings, tightening in 2030 and every five years after. Other cities are following. Deep retrofits take years and capital.
Owners need two things at once: a credible path to reduce, and eligible units to cover what cannot be reduced yet, with evidence the city and the auditor accept.
EACs where the rule allows them for electricity, verified removal and reduction for the residual, typed so nothing is applied where it is not eligible.
The penalty is statute: $268 per tonne over the limit. Run the numbers for your building below.
Retirements are serialized and evidenced per asset, ready for the filing and for the lender.
Scope routing, custody and the New York program itself.
Carbon stopped being discretionary. These are the rules that put it on your desk, and what each one actually asks for.
Meter and benchmarking data per building becomes the input, and the output is a unit you can file against the cap.
Every step is the same infrastructure described on Platform and Services, pointed at your assets.
Digital twinning takes a physical asset and creates a virtual representation carrying transparent, current data on how it performs. Operating, economic, insurance and carbon information flow from the same record, so performance is benchmarked rather than estimated.
Twins link meters and building systems to each property, so benchmarking, the LL97 filing and the lender's covenant all draw on one current record instead of three reconstructions.
In traditional asset administration the data stops at the operator. A twin lets you organise it, route it to defined stakeholders on a permissioned basis, and cut the cost of administering the asset while improving how it runs.
Once measurement and verification are certified by a D-MRV partner, Triangle creates the asset in the Asset Factory and lists it on the registry. Carbon credits require regulatory oversight, which is why issuance sits inside a BMA-licensed entity rather than beside one.
Certificates and registry credits from partner protocols are converted into fungible, serialized regulated assets. Triangle mints carbon credits and RECs so customers can custody them and use them for compliance.
Minted assets are held in custody, including at the customer's own bank, where they carry balance-sheet value, can be pledged as collateral, rated and insured.
Assets are posted to the deal listings to sell, bought by other parties for their compliance needs, or held for appreciation. Settlement and retirement are recorded per serial.
Triangle has partnered with leading registries and protocols to convert their certificates into fungible assets, across cover crops, dairy, forestry, methane capture and engineered removal.
The registry gives buyers and sellers the same view: what the asset is, where it came from, who has held it and what has happened to it. Auditability and verifiability are the point of it, not a feature of it.
Because issuance happens inside a regulated entity, what comes out is a financial asset that can be transacted between buyer and seller rather than a certificate that has to be explained.
Scope 3 is a data-routing problem before it is a carbon problem. Triangle gives every stakeholder a digital identity with nested attributes for Scopes 1 to 3, aggregates them by category, and routes the result to whoever is entitled to see it, annually, monthly or in real time depending on how sophisticated the counterparty is.
| What moves | How it is held | Who it reaches |
|---|---|---|
| Building emissions | Digital ID per property | DOB filing, lender, investors |
| Tenant attribution | Nested Scope 3, upstream and downstream | Tenant Scope 3 reporting |
| Compliance units | Serial and retirement record | Filing, auditor, insurer |
Tenants sit upstream of the building and downstream of their own supply chains, which is why the same record has to route both ways.
The same tonne behaves very differently depending on what it is issued as. This is the difference in your numbers.
The penalty is statutory and annual. Compliance instruments are priced against it, not against a retrofit.
Verified performance supports better terms at refinancing, on a portfolio where basis points are the whole margin.
Corporate tenants with their own Scope 3 targets have a reason to fund part of the building's compliance.
LL97 caps emissions per square foot for buildings over 25,000 square feet and tightens sharply in 2030. The penalty is statute: $268 for every tonne of CO2e over the limit, every year. The calculator on the New York analysis page takes your size, type and benchmarked emissions and returns exposure for both enacted periods, the smoothed alternative, and the credit cost at a price you supply.
Tell us about your situation and we will route it to the right person.