Job Creation from Energy Efficiency Improvements

On March 1, Deutsche Bank Climate Change Advisors (DBCCA) and The Rockefeller Foundation in the U.S. released a report which estimates that a $279 billion investment in retrofitting of residential, commercial and institutional buildings in the U.S. could reduce that country’s CO2 emissions by nearly 10% per year and produce more than a threefold return on investment by the end of the decade. It estimates that the retrofits, including upgrades to lighting, heating, and cooling, could create 3.3 million job years, equivalent to employing 330,000 full time workers for 10 years, mostly in the residential sector. The report concludes with a discussion of financing models for such investment.

 

LINKS:

 

United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models is available at:

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