US to see $ 4 bn available for green buildings

Dec 04, 2011 12:00 AM

President Barack Obama and former President Bill Clinton announced $ 4 bn in federal and private green building investments on December 2.
The latest instalment of the Better Building Initiative will benefit both energy efficiency and job growth by way of a $ 2 bn commitment through a presidential memorandum to energy upgrades of federal buildings.

It will use long-term energy savings to pay for up-front costs and a $ 2 bn commitment from 60 chief executive officers, mayors, university presidents, and labour leaders for energy performance upgrades by a minimum of 20 % by 2020 in 1.6 bn sq feet of buildings.

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