AWI e-briefs - 07/02/2009 (Plain Text Version)
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House Passage of Energy and Climate Legislation Creates New Opportunities for Green Building
The House of Representatives passed landmark energy and climate legislation on June 26 that includes several significant provisions to incentivize and accelerate the benefits of green building across the country.
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The American Clean Energy and Security Act of 2009 includes several initiatives or provisions supported by or developed in consultation with U.S. Green Building Council (USGBC), including:
• The Retrofit for Energy and Environmental Performance (REEP) program, which supports the creation of retrofitting initiatives throughout the country for residential and nonresidential buildings that may offer a variety of incentives, including credit enhancements, interest rate subsidies, and initial capital for public revolving loan funds.
• The GREEN (Green Resources for Energy Efficient Neighborhoods) Act (H.R. 2336), which provides incentives to lenders and financial institutions to provide lower interest loans and other benefits to consumers who build, buy or remodel their homes in ways that improve energy efficiency. The bill also increases energy efficiency standards for Department of Housing and Urban Development (HUD) owned and assisted housing.
• The Building Energy Performance Labeling Program, which directs the Environmental Protection Agency (EPA) to create model building energy performance labels for new construction, establishing a meaningful and consistent basis for evaluating the energy performance of residential and commercial buildings.
• EPA’s WaterSense program, which receives permanent authorization to designate products as water efficient, as well as funding for state incentive programs for use of water-efficient products.
• Extension of power purchasing authority for federal agencies, which allows the federal government to enter contracts for the purchase of renewable power for a period of up to 20 years. Green building is critical to the nation’s future economy, energy security, and environment – buildings account for 40% of U.S. energy consumption, 39% of CO2 emissions, and 13% of water consumption. Greater building efficiency can meet 85% of future U.S. demand for energy, and a national commitment to green building has the potential to generate 2.5 million American jobs.
To view USGBC’s summary of the American Clean Energy and Security Act of 2009,click here.