Platt explains in his prepared remarks, "...buildings account for 70% of our country’s electricity consumption and 40% of our total greenhouse gas emissions. A huge part of that impact comes from completely avoidable and staggering energy waste…in stopping that waste—especially through building energy retrofits—we can tap a major source of projects and jobs that can’t be exported and that have huge up-stream and down-stream supply chain implications."
Joined by Vice President Joe Biden, Energy Secretary Steven Chu and Navy Secretary Ray Mabus, Platt will not only highlight the facts about energy waste in the Western world, but also recommended practical and economically-sound policy solutions to harness the low-hanging fruits of energy efficiency.
"Today if in my business I waste more energy than you do...I get a bigger business expense tax deduction under federal and state laws...but if I invest in the kind of project I’ve been discussing the tax consequences can be quite negative. This imbalance can and should be addressed through tax policies that I’m very pleased are finally under serious consideration in Washington," says Platt.
Platt will explain how small, yet crucial tax code adjustments like this can go a long way to undo the perverse incentives which currently prevent energy and emissions reductions in the United States.
A webcast of the event will be available at www.cleanenergysummit.org beginning at 9 a.m. PT.
Read the press release »
Access Roger Platt's prepared remarks »
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