$4B Public-private Program for Energy-efficiency planned

posted Friday, December 2, 2011        

The following national plan for investing in the energy-efficiency of our buildings is a further evolution of  Ed Mazria’s 2009 Plan which Sustainable Tucson is suggesting as a model to develop a local green retrofit  stimulus program. See the Mazria Plan here:

 

$4B public-private program for energy efficiency planned

Jim Kuhnhenn The Associated Press , Arizona Daily Star, Friday, December 2, 2011

WASHINGTON – Enlisting former President Bill Clinton as a partner, President Obama is announcing a $4 billion effort to increase the energy efficiency of government and private-sector buildings, aiming for fuel savings and job creation at no cost to taxpayers.
The proposal, to be announced by Obama and Clinton today, would upgrade buildings over the next two years with a goal of improving energy performance by 20 percent by 2020. The federal government would commit $2 billion to the effort and a coalition of corporations, labor unions, universities and local governments would undertake the other half. The contractors who do the work would be paid with realized energy savings, thus requiring no up-front federal expenditure.”Upgrading the energy efficiency of America’s buildings is one of the fastest, easiest and cheapest ways to save money, cut down on harmful pollution and create good jobs right now,” Obama said in a prepared statement.
The president will make the announcement after touring a downtown Washington office building whose owners have agreed to make more energy efficient.The program, known as Energy Savings Performance Contracts, has been in place since the Clinton administration but has been little used. Obama’s announcement is yet another in a string of White House initiatives designed to address the weak economy without congressional approval.
Gene Sperling, director of the White House National Economic Council, said private economic analyses indicate that the $4 billion plan could generate about 50,000 jobs over two years.The program builds on an initiative that Obama launched in February and that Clinton led through his Clinton Foundation to get the private sector to invest in greater energy efficiency. Clinton announced commitments of $500 million in projects in June.Joining
Obama and Clinton will be Thomas Donohue, the president and CEO of the U.S. Chamber of Commerce, a longtime proponent of Energy Saving Performance Contracts.”We have been pushing the ESPC program for more than a decade because this holds tremendous potential,” Donohue said in a prepared statement. “The program has been grossly underutilized.”

 



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