Can only presidents decide on energy savings? Are we too stupid to understand it ourselves? Or maybe when power bill and construction will equalise - that's when we will understand - way too late.
On December 2, President Obama, joined by former President Bill Clinton, announced $4 billion in combined private and federal funds to be invested in upgrades to commercial buildings over the next two years.
President Obama said: "Upgrades will create tens of thousands of jobs and save billions."
President Obama recently announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years.
These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector.
The $4 billion 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.
In addition, 60 CEOs, mayors, university presidents, and labor leaders today committed to invest nearly $2 billion of private capital into energy efficiency projects; and to upgrade energy performance by a minimum of 20 per cent by 2020 in 1.6 billion square feet of office, industrial, municipal, hospital, university, community college and school buildings.
This announcement builds on a commitment made by 14 partners at the Clinton Global Initiative America meeting in June to make energy upgrades across 300 million square feet, and to invest $500 million in private sector financing in energy efficiency projects.
Former President Bill Clinton stated: "Investments in building retrofits and energy efficiency can make a real difference in the American economy, by creating jobs, growing our industries, improving businesses' bottom lines, reducing our energy bills and consumption, and preserving our planet for future generations."
Click here to learn more about the Better Buildings Initiative