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A proposed workaround to the city’s emissions cap appears dead.

The change, which would give property owners another option to offset their building emissions and avoid large fines, is not expected to be included in the state’s impending budget legislation, according to groups that have closely watched the issue.

For the real estate industry, the result is a disappointment but not a surprise, given that the proposal was not supported by the Assembly or Senate and was fiercely opposed by environmental groups.

“Now building owners must step up and perform the necessary retrofits to meet emissions reduction standards,” Maritza Silva-Farrell, executive director of ALIGN, a group that fought the governor’s proposal, said in a statement. “These retrofits will create thousands of green jobs in low-income communities of color exposed to the biggest climate threats of the future.”

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