02 Dec '11, 5am

The White House's $4B Better Buildings Challenge

The White House's $4B Better Buildings Challenge

Can the Obama Administration spur $4 billion in building energy efficiency retrofits without getting the money out of a deadlocked Congress? Looks like we’ll have the next two years or so to find out. That’s the gist of a big “Better Buildings Initiative” set to be announced by the White House late Thursday evening. After months of working with former president Bill Clinton and a lot of private-sector and government partners, the White House says that more than 60 organization have pledged to spend $2 billion to retrofit about 1.6 billion square feet of commercial and industrial property in the next 24 months. The announcement also comes with a commitment to move forward with $2 billion in federal building “performance-based contracting” projects over the next 24 months. Because private investors and companies will pay for efficiency upgrades at government buildings, then ...

Full article: http://www.greentechmedia.com/articles/read/the-white-hou...

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