Wednesday, March 12, 2014

Ten Cities Get Funds to Assist Energy Efficiency Goals!

$9 Million to Help Ten Mayors Jumpstart Energy Programs

The Natural Resources Defense Council (NRDC) and the Institute for Market Transformation (IMT) launched a new initiative to invest $9 million in energy-efficiency programs for large buildings in ten major U.S. cities. The effort is projected to cut a combined total of 5 to 7 million tons of carbon emissions annually and lower energy bills $1 billion per year.

The City Energy Project, which is funded by Bloomberg Philanthropies, the Doris Duke Charitable Foundation, and the Kresge Foundation, will award a $9 million grant over the next three years to encourage energy-efficiency upgrades for existing large buildings in the following cities: Atlanta, Boston, Chicago, Denver, Houston, Kansas City, Los Angeles, Orlando, Philadelphia, and Salt Lake City.

The program targets large cities that have set ambitious efficiency goals and have the capacity to make significant change but are currently strained for resources, according to Laurie Kerr, director of the City Energy Project. Each city will work with NRDC and IMT to develop and implement its own locally tailored program. While the goals of the program include promoting more efficient operations, encouraging private investment, modeling high performance in municipal buildings, and promoting transparency, each city may have its own focus. In a press conference, Los Angeles Mayor Eric Garcetti spoke strongly about directly spurring private enterprise to finance energy retrofits, arguing, 

In these ten cities, where buildings can account for up to 75% of carbon emissions, targeting the biggest energy hogs—large existing buildings—could go a long way toward cutting climate pollution. The amount of energy the program is expected to save is projected to be more than the electricity used by 700,000 American homes each year.

Read full article here! 

Category: Energy Efficiency Initiatives
Source: Environmental Building News, http://www.buildinggreen.com/auth/article.cfm/2014/3/3/9-Million-to-Help-Ten-Mayors-Jumpstart-Energy-Programs/
Author: Paula Melton
Date of Publication: March 3, 2014

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