02 Dec '11, 3pm

Firms Commit $2bn to Energy Efficiency; White House Plugs in $2bn More: RREEF Real Estate: The global real estat...

Obama also issued a presidential memorandum which he says commits the federal government to spend $2 billion on energy upgrades to its own buildings. The memorandum calls for the government to fully implement its authority to use Energy Savings Performance Contracts (ESPCs). Under ESPCs, new energy efficient equipment is installed at no up-front cost to the building owner, who pays for the improvements over time through savings on utility bills.

Full article: http://www.environmentalleader.com/2011/12/02/firms-commi...

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