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US Retrofits Worth $1tn Savings Over 10 Years, Report Says

U.S. retrofits could yield $1 trillion of energy savings over 10 years, equivalent to savings of about 30 percent of the country’s annual electricity spend, according to a report by Deutsche Bank Climate Change Advisors and The Rockefeller Foundation.

To achieve the savings, $279 billion would need to be invested in retrofitting the commercial, institutional and residential market segments in the U.S, according to United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models.

If all of these retrofits were undertaken it would reduce U.S. emissions by 10 percent and create 3.3 million “job years.” These jobs would include a range of skill qualifications, and would be geographically diverse, the report says.

The authors goes on to investigate a number of financing models which offer the potential to scale investment in these markets. The models include energy services agreements, property-assessed clean energy and on-bill finance.

In other green building news, a report by the U.S. Green Building Council and the University of Michigan’s Taubman College of Architecture and Urban Planning argues that environmentally friendly buildings offer greater potential resiliency to natural disasters than their non-green counterparts.

The report, titled Green Building and Climate Resilience: Understanding Impacts and Preparing for Changing Conditions, examines how the adoption of green building measures and certifications – such as the USGBC’s own LEED credit system – can, for example, reduce a building’s reliance on local resources and energy and help ready it for disasters such as drought and increased temperatures.

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