15 Jun '12, 12pm

Why efficiency is smarter than renewables

Why efficiency is smarter than renewables

“Real estate is the largest source of clean energy in this country, and it’s very inexpensively tapped.” So said Tony Malkin, the president of Malkin Holdings, owner of the Empire State Building . Malkin spoke this week at the annual Energy Efficiency Forum in Washington, D.C., and he’s got a point, albeit a controversial one. If we — or, more to the point, the people who represent us in Washington — have $1 to spend, better that it be spent on energy efficiency than on clean energy. That’s not way things work now. Today, wind and solar power get generous tax breaks and subsidies. Energy efficiency investments do not. The government has it exactly backward. Why? First, let’s stipulate that money spent on efficiency and on clean energy creates short-term jobs. The efficiency-related jobs are more likely to be US jobs (because most solar panels are made in China) but set tha...

Full article: http://www.greenbiz.com/blog/2012/06/15/why-efficiency-sm...

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