New York’s Billion Dollar Bet On Energy Efficiency
Forbes, September 21, 2014
Efficiency advocates have touted for years that efficiency is far and away the most economical form of energy available.
Now they are going to have the opportunity to prove it on a grand scale.
New York City will formally unveil a plan tomorrow that will involve investing $1 billion into making public buildings more energy efficient over the next ten years. The changes will involve swapping out old lights for LEDs, replacing aged air conditioners and other changes. In the end, the goal is to reduce emissions by 80% by 2050 compared to a 2005 baseline. Like his predecessor, DeBlasio is also out to get building owners to embrace efficiency.