$500B Plan for U.S. Green Building Retrofits Touted

August 11, 2009

Email this story Print this post Add your comments

The United States can build a low-carbon economy by retrofitting existing homes and businesses for energy efficiency, which would reduce waste and pollution, jumpstart an economic recovery, create good jobs and deliver energy cost savings, while reducing global warming, according to a new report. The report is calling on Congress and the Obama administration to ensure that investments will be made in weatherization and energy efficiency as part of the American Recovery and Reinvestment Act.

The $500-billion plan with public and private investment would retrofit 40 percent of the nation’s buildings within the next ten years, create about 625,000 full-time jobs, generate $32 billion to $64 billion in annual consumer energy cost savings, and reduce global warming pollution by 20 to 40 percent for 50 million homes and small businesses, according to a proposal released by the Center for American Progress and the Energy Future Coalition.

Rapidly improving the efficiency of existing buildings is essential to meeting clean energy and climate legislation recently passed by the House of Representatives for reducing greenhouse gas emissions from 2005 levels by 17 percent by 2020 and 83 percent by 2050, according to the report.

The report also identifies five key areas where focused national policy leadership is required immediately to launch a nationwide energy efficiency retrofit industry. These include technical assistance and capacity building, retrofit financing and cost recovery mechanisms, retrofit performance standards and quality assurance, smart codes and regulations and workforce development programs and job quality standards.

The plan to retrofit buildings, which consume 70 percent of all U.S. electricity and emit 40 percent of the nation’s greenhouse gases, will be discussed at an energy conference in Las Vegas, which is co-sponsored by Senate Democratic Leader Harry Reid of Nevada and the Center for American Progress, reports Bloomberg.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Survey Results: Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Reader Comments

Interesting. Here in the UK we have similar programmes. Breakdown doesn’t reflect the challenges faced within large commercial or public sector buildings where changing over to more energy efficient ICT can drive significant power and cost savings.

Daniel Couzens | August 12th, 2009

Did they “Borrow” this dat from GreenTV’s recent USA Today’s Green Business Special?

The interview with Joe Biden has the exact same number yet in different words. GreenTV’s words.

Go to GreenTV.com to see if I am wrong or e-mail me at
Sunrix@Atlanticbb.net

Thank you,
Sunrix

Sunrix | August 12th, 2009

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader