Obama Pledges $4 Billion For Energy Upgrades

Obama Pledges $4 Billion For Energy Upgrades

Yesterday was a big day for advocates of the Better Buildings Challenge. President Obama and former president Bill Clinton announced a combined $4 billion investment from both the public and private sectors for energy efficient building upgrades.

“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. But we can’t wait for Congress to act. So today, I’m directing all federal agencies to make at least $2 billion worth of energy efficiency upgrades over the next 2 years – at no up-front cost to the taxpayer,” said the President.

Former President Clinton went on to say “Investments in building retrofits and energy efficiency can make a real difference in the American economy, by creating jobs, growing our industries, improving businesses’ bottom lines, reducing our energy bills and consumption, and preserving our planet for future generations.”

2 out of the $4 billion commitment  is to be used on federal buildings. According Inhabitat, by “some estimations this investment could create as many as 50,000 jobs nationwide in the struggling construction industry.” The City of Denver has joined to the challenge as well, hoping to reach “20%  energy savings by 2020.”

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