New York City could become the first big U.S. city to budget its climate-changing emissions like its finances, cribbing a model the Norwegian capital of Oslo pioneered three years ago.

The plan is laid out in a new bill set to be introduced Wednesday morning in the City Council.

HuffPost obtained a draft of the legislation, which proposes to amend the citys administrative code to require the mayors office to set an emissions budget and allot a limited volume of greenhouse gases to each agency and city-funded nonprofit. The budgets would be evaluated at the end of every fiscal year.

This raises the urgency at every level of government and makes clear what stakes were playing for, Councilman Costa Constantinides, a Queens Democrat and the legislatures top climate champion, said by phone. If we dont deal with the climate crisis, our communities wont exist anymore.