President Obama announced a goal to reduce commercial building energy use by 20% over the next 10 years. Here’s the announcement from the White House.
“In his State of the Union, the President laid out his vision for winning the future by investing in innovative clean energy technologies and doubling the share of electricity from clean energy sources by 2035. Alongside that effort, the President is proposing new efforts to improve energy efficiency in commercial buildings across the country. The “Better Buildings Initiative,” outlined today at Penn State University, will achieve a 20 percent improvement over the next decade, saving companies and business owners tens of billions of dollars a year.”
“The plan will spur innovation by reforming tax and other incentives to retrofit, creating a new competitive grant program for states and localities that streamline their regulations to attract retrofit investment, and challenging the private sector to invest in building upgrades through a new “Better Buildings Challenge.”
The President has asked President Clinton, who has been a champion for this kind of energy innovation, to co-lead the private sector engagement along with the President’s Council on Jobs and Competitiveness, headed by Jeff Immelt, the CEO of General Electric.”
From NPR - SCOTT HORSLEY: President Obama admits energy efficient buildings is not the sexiest sounding path of the future, but on a day when much of the country is shivering in subfreezing temperatures, cutting the heat and electric bill might have some appeal.
Commercial buildings consume about one-fifth of all the energy used at the U.S. Mr. Obama says a 20 percent gain in efficiency could save those businesses some $40 billion a year.
President BARACK OBAMA: Making our buildings more energy efficient is one of the fastest, easiest and cheapest ways to save money, combat pollution and create jobs right here in the United States of America. And that's what we're going to do.
You can read the rest of the report from NPR or listen to it by clicking here.