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New York announces $50m challenge to decarbonise high-rise buildings

New York announces $50m challenge to decarbonise high-rise buildings A total of 10 real estate groups have been selected, with each company committing to achieving carbon neutrality in one or more buildings they own through investments in energy efficiency, electrification, energy storage and retrofit projects Image: Shutterstock A total of 10 real estate groups have been announced as partners in New York’s $50 million (£36m) challenge to establish public-private partnerships to decarbonise high-rise buildings across the state. Each real estate group selected for the Empire Building Challenge has committed to achieving carbon neutrality in one or more buildings it owns through investments in energy efficiency, electrification, energy storage and retrofit projects.

Banishing the hated rental security deposit

Banishing the hated rental security deposit Obligo treats deposits like hotel credit card pre-authorizations. Only if something goes wrong is money withdrawn from the renter’s bank account. No one likes paying a security deposit when renting an apartment. For renters, it means money from their pockets is in someone else’s. For landlords, it means all kinds of rules about how that money must be protected. “In the past, a landlord could run out and buy a Ferrari with the deposit money. Now they have to hold it in a separate account, pay interest and report it all to the IRS,” explains Omri Dor, chief operating officer for Obligo, an Israeli startup that has developed a technology that disrupts security deposits.

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