10 Mar '12, 8pm

US Retrofits Worth $1tn Savings Over 10 Years, Report Says

U.S. retrofits could yield $1 trillion of energy savings over 10 years, equivalent to savings of about 30 percent of the country’s annual electricity spend, according to a report by Deutsche Bank Climate Change Advisors and The Rockefeller Foundation. To achieve the savings, $279 billion would need to be invested in retrofitting the commercial, institutional and residential market segments in the U.S, according to United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models . If all of these retrofits were undertaken it would reduce U.S. emissions by 10 percent and create 3.3 million “job years.” These jobs would include a range of skill qualifications, and would be geographically diverse, the report says. The authors goes on to investigate a number of financing models which offer the potential to scale investment in these markets. The models incl...

Full article: http://www.environmentalleader.com/2012/03/02/us-retrofit...

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