Technical Policy Director
U.S. Green Building Council
Today USGBC, with our partners at the Real Estate Roundtable and the Natural Resources Defense Council, released an analysis conducted by the Political Economy Research Institute that concludes that President Obama’s Better Buildings Initiative (BBI) will create over 114,000 jobs.
As background, the Better Buildings Initiative is a collection of legislative proposals and federal agency actions designed to encourage the efficiency improvement of commercial buildings. The President has recommended tax incentives, grant and challenge programs, and increasing the availability of financing for the improvements. The analysis covers the major components of the initiative: the tax incentives, the financing programs, and the grant programs.
The full report is available at http://www.USGBC.org/advocacy/BBIJobs. Here’s what you need to know:
- The Better Buildings Initiative would create more than 114,000 jobs.
- The greatest jobs-creating impact – over 77,000 new jobs – would derive from a revised tax incentive to encourage building retrofits.
- New job creation would ripple throughout the economy. New jobs would be created directly at construction sites, which in turn would spur more jobs in the manufacturing and service sectors.
- The Better Buildings Initiative’s federal incentives are an investment to trigger private sector spending, which in turn produces widespread benefits. For example, tax incentives would encourage at least three times as much private investment to make buildings more efficient.
- Businesses would save over $1.4 billion in energy bills as a result of retrofit projects spurred by the tax incentive, which would in turn be re-injected into the economy.
The report also outlines how these jobs would be created in engineering and in performing the retrofits, manufacturing the new efficient equipment and materials, operating, commissioning, and servicing the buildings, and finally in the re-spending of the significant energy savings.
The conclusion that commercial building energy efficiency creates jobs, and a staggering number of new jobs is not new. This report joins and supports the conclusion of a host of others on the topic.
- McKinsey found 600,000 to 900,000 new jobs in energy efficiency over all sectors.
- ACEEE found 333,000 new jobs in proposed energy efficiency legislation last year. Over 150,000 of these jobs were from the bi-partisan yet now politically infeasible HomeStar program for home retrofits.
- UC Berkeley found that California’s energy efficiency policies on the books will create 200,000 jobs by 2020, with more jobs of higher quality possible with some additional measures.
Does the recent activities of the Senate Appropriators effect any of these efforts?
ReplyDeletehttp://thehill.com/blogs/on-the-money/appropriations/166603-appropriators-approve-2012-energy-bill
Invest in Ripple on eToro the World’s Top Social Trading Network.
ReplyDeleteJoin millions who have already discovered easier methods for investing in Ripple.
Learn from established eToro traders or copy their positions automatically!
Very useful information for people, I think this is what everyone needs. New topics for the essays are already here https://writepaperfor.me/.
ReplyDeleteThis report shows that the country's economy and growth rate is getting better. We can predict that this will end unemployment. Masters dissertation writing services
ReplyDeleteIt highlights the importance of improving sustainability and energy efficiency in our buildings. It's fascinating to see the innovative solutions being implemented to create greener and more eco-friendly structures. Additionally, this report emphasizes the positive impact these improvements can have on our environment and energy consumption. Overall, it's inspiring to see such dedication to creating a better future. On a side note, if you ever need assistance with your academic assignments, there are reliable services available where you can pay someone to do my assignment, ensuring timely and quality submissions.
ReplyDeleteThe focus on 'Better Buildings' is a crucial step towards sustainability. It's heartening to see such initiatives. On a related note, considering pay someone to do my assignment services for students can also lead to better results. Outsourcing tasks can free up time for holistic learning and contribute to personal growth.
ReplyDeleteThe insights from the 'Better Buildings' report remind me of the depth I've found in my journey through online real estate classes in South Carolina. Just as the report emphasizes efficiency in structures, these classes focus on building a strong foundation of knowledge. Kudos to for their commitment to quality education.
ReplyDeleteThe release of the 'New Report: Better Buildings' is a significant development in the construction and sustainability industry. It's reminiscent of stumbling upon a great 'Pizza Offer'—both provide valuable opportunities. Just as the report outlines strategies for energy-efficient structures, a tempting pizza offer can save us money. Both show the importance of seizing opportunities for better outcomes, whether it's in the world of construction or scoring a delicious deal on pizza.
ReplyDeleteThe AC305E-S0 Dell 305-Watts Power Supply is an excellent replacement component for my Dell server. It's a reliable and energy-efficient power supply that ensures my server runs smoothly and with optimal power efficiency.
ReplyDeleteAs an online teacher, you need a computer that is powerful, reliable, and easy to use. You also need a computer with a good webcam and best computer for online teaching so that you can communicate clearly with your students.
ReplyDeleteThank you so much for sharing your knowledge of the verified complaint procedure in New York divorces. Readers are blessed by your ability to make legalese understandable. Keep up the fantastic job! Verified Complaint New York Divorce
ReplyDeleteThis report on better buildings and job growth highlights the importance of innovation in various industries, including theater production. At Palco Specialties, we focus on providing Modular Single Units for Theater , which help streamline the setup process and improve efficiency in performance spaces. By offering flexible stage solutions, we contribute to the evolving needs of the performing arts sector, creating new opportunities for theater professionals and enhancing overall stage design.
ReplyDeleteAccording to the new report, building efficiency may create 114,000 new jobs that enhance both economy and sustainability efforts. Such developments tend to focus on increasing the necessity of innovation in the study of research fields to be able to ensure improvement in the concerned fields of study. Interested in similar studies? For that, dissertation examples pdf prove insightful concerning how such topics are approached in the academic world.
ReplyDelete"The ‘Better Buildings’ report showcasing 114,000 new jobs highlights how investments in quality and innovation spur economic growth. Similarly, Al Karim Fabric’s Zaha Official collection reflects a commitment to excellence in fashion, creating unique job opportunities in textile design and retail. As we improve infrastructure, brands like Al Karim Fabric show that sustainable fashion can also contribute to job creation, bringing both style and economic value."
ReplyDeleteThe new report highlights the importance of investing in infrastructure, which can lead to significant job creation. Similarly, investing in dental health, such as root canal treatment, not only benefits your long-term oral health but also ensures a positive quality of life. At The Dental Clinic, we provide affordable root canal treatment cost in Karachi, ensuring that everyone can access high-quality dental care without breaking the bank.
ReplyDelete