20 Sep '11, 9pm

Carbon War Room Aims to Cut the Barriers to Building Energy Retrofits

Carbon War Room Aims to Cut the Barriers to Building Energy Retrofits

The Carbon War Room today launched a new consortium that aims to cut through the Gordian knot of barriers that has made it tough to finance commercial building retrofits. In the process, the groups involved hope to pick off billions of dollars worth of the lowest-hanging fruit of building energy efficiency. The Carbon War Room's approach opens the door to zero-upfront-cost deals for mid- and small-scale retrofits, where in the past only a limited group of larger projects could land financing for such deals. To turn this trick, the new plan upgrades an existing financing model known as PACE. It also relies on private capital, rather than public subsidies. "This is game changing. It has the potential to solve the problem of the commercial retrofit market that has lingered for 35 years," said Jigar Shah, CEO of The Carbon War Room at the BusinessClimate 2011 event today in Ne...

Full article: http://www.greenbiz.com/blog/2011/09/20/carbon-war-room-a...

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