| Yesterday, the Obama Administration's Better Buildings Challenge announced almost 300 million square feet in new building energy upgrades, along with new public tax guidance streamlining the use of Qualified Energy Conservation Bonds.
A bit of background. The Better Buildings Initiative was launched by President Obama on February 3, 2011 with the aim of making commercial buildings 20 percent more efficient by 2020. This would reduce energy bills for these businesses by $40 billion per year and create 114,000 new jobs -- particularly in the construction and manufacturing sector. The unique program builds public-private partnerships by challenging the private sector to act, and supporting them with tax and other incentives. The Center for America Progress worked closely with President Obama and President Clinton in crafting this challenge for public and private partnerships... |
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At thinkprogress.org
At thinkprogress.org
