According to a 2012 report by The Rockefeller Foundation and Deutsche Bank Climate Change Advisors, there is a $72 billion investment opportunity in commercial energy efficiency retrofits globally that could yield 848 trillion BTUs in energy savings and reduce greenhouse gas (GHG) emissions by 175 million metric tons per year, which is approximately equivalent to the annual GHG emissions from 46 coal-fired power plants. In cities like New York, energy and GHG savings lie in the multi-family housing segment, where 67 percent of the buildings required by law to measure and report their energy usage, are multi-family buildings. That is why C40’s Sustainable Infrastructure Finance Network, brought together policy and technical energy efficiency finance experts from New York City, Boston and Washington, D.C. to share best practices and lessons learned in financing multi-family retrofits.
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