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USGBC commends White House investment

December 05, 2011
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WASHINGTON — U.S. Green Building Council (USGBC) commended the White House and USGBC member companies for announcing a nearly $4 billion investment in energy upgrades to public and private buildings, according to a press release.

President Barack Obama and former President William J. Clinton, along with representatives from more than 60 organizations as part of the Better Buildings Challenge, announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next two years, the release stated.

According to the release, this investment includes a $2 billion commitment, made through the issuance of a Presidential Memorandum, to energy upgrades of federal buildings using long-term energy savings to pay for up-front costs, at no cost to taxpayers.

"The Administration is tapping into tools already at its disposal to enhance the energy efficiency and sustainability of the nation''s multifamily and commercial buildings — all without seeking new funds or authority from Congress," said Rick Fedrizzi, president, chief executive officer (CEO) and founding chair of the USGBC.

"By directing these funds to invest in high-performing energy efficient and sustainable buildings, the federal government will stimulate significant new ''green'' investments and job creation while saving taxpayer dollars, increasing energy security, reducing greenhouse gas emissions and create healthier working environments," Fedrizzi added.

In addition, 60 CEOs, mayors, university presidents and labor leaders committed to invest nearly $2 billion of private capital into energy efficiency projects; and to upgrade energy performance by a minimum of 20 percent by 2020 in 1.6 billion square feet of office, industrial, municipal, hospital, university, community college and school buildings, the release noted.

Click here to read the complete release.

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