Mobilising financing by public sector key to reducing emissions and saving money
Anewly issued report has detailed the immediate opportunities available for private sector investments in energy efficiency projects. “Energy Efficiency Financing: Models and Strategies,” issued by Capital-E, explains the popular financing strategies employed by policymakers and private investors alike, and concludes that opportunities for financing $150 billion annually in energy efficiency projects over the next 10 years would cost-effectively make the American economy more competitive, enhance national security, and help slow the impact of climate change.
“Energy efficiency is the largest, cheapest, safest, and cleanest way to provide energy services, and making investments now in building efficiency will create jobs, save money for consumers and businesses and reduce emissions,” said Jason Hartke, Vice President, National Policy, US Green Building Council (USGBC). “With clarity and resonance, this new report shows how these financing strategies can drive energy efficiency improvements and accelerate uptake into new and emerging markets.”
The report, developed by Capital-E in association with American Council for an Energy-Efficient Economy (ACEEE), Appraisal Institute, Citigroup, JPMorgan Chase and the National Association of State Energy Officials (NASEO), evaluates over a dozen financing models. The report can be accessed at www.cap-e.com.