President Obama Announces Nearly $4 Billion Investment in Energy Upgrades to Public and Private Buildings
WASHINGTON, DC – President Obama today announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years. These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector. The $4 billion investment announced today includes a $2 billion commitment, made through the issuance of a Presidential Memorandum, to energy upgrades of federal buildings using long term energy savings to pay for up-front costs, at no cost to taxpayers. In addition, 60 CEOs, mayors, university presidents, and labor leaders today committed to invest nearly $2 billion of private capital into energy efficiency projects; and to upgrade energy performance by a minimum of 20% by 2020 in 1.6 billion square feet of office, industrial, municipal, hospital, university, community college and school buildings. This announcement builds on a commitment made by 14 partners at the Clinton Global Initiative America meeting in June to make energy upgrades across 300 million square feet, and to invest $500 million in private sector financing in energy efficiency projects. More…
Eighty percent of building owners expect double-digit energy price increases over the next year, which has prompted an average energy reduction target of 12 percent, according to a report published on environmentalleader.com. Lighting and heating, ventilation, air conditioning and controls improvements are the most popular energy efficiency improvements.
Read more »
(Published in The Wall Street Journal, March 1, 2011)
Click here for PDF version
The City Council plans on Wednesday to approve legislation that would stiffen penalties for landlords who violate city heat laws, aiming to curtail any economic incentive for building owners to withhold heat and hot water from tenants.
The legislation was sponsored by Public Advocate Bill de Blasio, the city’s chief government watchdog; it will be the first he’s introduced since taking office in 2010 to pass the council. Mayor Michael Bloomberg plans to sign the bill into law, an aide confirmed Monday.
Read more »