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White House Hopes To Ignite Green Retrofit Market

Date: 08 March 2011

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3 pages

EXECUTIVE SUMMARY

President Obama’s Better Buildings Initiative, announced on February 3, 2011, aims to address the two major energy related issues faced by the US real estate industry, chiefly that 39% of total US energy consumption and 38% of US carbon dioxide emissions stem from the built environment. The White House estimates that over $40 billion can be saved from energy bills by focusing on building stock energy consumption patterns. The White House proposes to meet reduction targets by addressing tax codes, obstacles to retrofit finance, building regulations and performance standards, the up-skilling of facilities managers as well as creating a culture of competitive positioning surrounding energy consumption for university presidents and corporate CEOs. The proposals are being considered for inclusion in the 2012 budget. Private sector companies, including real estate advisors, product innovators and engineering firms, are positioned to benefit from the resulting new energy efficiency spending from 2013 onwards.

TABLE OF CONTENTS

US ENERGY EFFICIENCY POLICY INITIATIVES GAINING MOMENTUM
Five Policy Tools Aim To Address Building Efficiency Levels
BBI Presents Both Risks And Opportunities For The Real Estate Industry 

COMPANIES MENTIONED

CB Richard Ellis, CH2M HILL, Deloitte Consulting, Honeywell, Johnson Controls, Jones Lang LaSalle, US Green Building Council, WSP Environment & Energy