Wednesday, August 26, 2009

Rebuilding America: A National Policy Framework for Investment in Energy Efficiency Retrofits

This August 2009 report by the Center for American Progress and the Energy Future Coalition is an examination of how the United States can build a low-carbon economy by harnessing energy efficiency as our “first fuel.” By retrofitting existing homes and businesses, we can cost-effectively reduce end-use waste and pollution, and at the same time jump start an economic recovery, create good jobs, and give consumers real energy cost savings—even as we ensure a safer, healthier, and more secure future by combating global warming.

This report sets a goal of developing an energy efficiency industry that will retrofit 40 percent of our nation’s building stock, or 50 million buildings, within the next 10 years. This project would require over $500 billion in public and private investment, and create approximately 625,000 sustained full-time jobs directly and indirectly throughout the decade. Rebuilding America’s buildings for energy efficiency will reduce energy use, household bills, and global warming pollution by 20 to 40 percent for 50 million homes and small businesses, all while generating $32 billion to $64 billion in annual consumer energy cost savings.

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