Obama Introduces 'Better Building' Plan
President Obama recently put forward the Better Buildings Initiative, an incentive program designed to stimulate spending on energy-efficient retrofits for commercial buildings. The initiative not only promotes efficiency but also aims to create jobs in the building and manufacturing industries hit hardest by the crash of the construction sector. Despite the long-term economic benefits of energy efficiency, building owners often have trouble raising capital to make improvements. To solve this problem, while aiming to increase the efficiency of commercial buildings 20% by 2020, Obama’s initiative proposes loan guarantees and corporate tax credits, and aims to reward local and state governments for taking a leadership role in requiring better building performance. Business and political leaders and industry groups have praised the initiative, saying it will create green jobs in the design, construction, and manufacturing industries for years to come.
Paula, M. (2011, February 28). Obama Introduces 'Better Building' Plan. Retrieved from https://www.buildinggreen.com/newsbrief/obama-introduces-better-building-plan