21 Sep '11, 2am

Fixing older buildings…and market failures | new blogpost #energy #efficiency

Fixing older buildings…and market failures | new blogpost #energy #efficiency

Fixing older buildings…and market failures September 20, 2011 Markets promote efficiency and drive out waste… Except when they don’t. A glaring example of market failure in the U.S. economy is the energy wasted in buildings. When the Empire State Building renovated its heating and cooling system, upgraded its lighting and installed new windows, the owners cut their energy bills by 40%. Think about it—a 40% cost savings. That’s big. Today, at an event called Business Climate 2011 in New York, a group of cities and companies and a nonprofit called the Carbon War Room announced a plan to curb wasted energy and unecessary pollution—importantly, at no taxpayer cost. Jigar Shah of the Carbon War Room, which put the group together, said this is a very big deal. “I think this is the most important climate announcement in the last five years,” he said. “Building retrofits have been...

Full article: http://www.marcgunther.com/2011/09/20/fixing-older-buildi...

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