21 Sep '11, 7pm

Kind of a big deal: $1.6 billion coming for energy efficiency projects

Kind of a big deal: $1.6 billion coming for energy efficiency projects

Cross-posted from Climate Progress . Two separate initiatives formed this week that could unlock more than $1.6 billion in private investment for energy efficiency projects around the U.S. Yesterday at the Clinton Global Initiative, two of the largest U.S. pension funds, CalPERS and CalSTERS, announced that they would invest $1 billion toward energy efficiency projects. This follows a June announcement at the Clinton Global Initiative, where the AFL-CIO and the American Federation of Teachers announced a similar goal that has already resulted in over $150 million in investment. In making the announcement yesterday afternoon, former president Bill Clinton explained, "This is a huge deal." A huge deal indeed, considering the economic returns that energy efficiency projects bring. According to analysis from the University of Massachussetts, energy efficiency retrofits can cre...

Full article: http://www.grist.org/energy-efficiency/2011-09-21-kind-of...

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