December 6, 2011 — U.S. President Barack Obama recently issued a presidential memorandum to create a public-private fund of US$4 billion to facilitate energy upgrades in federal and private buildings, reports www.ecoseed.org.
The initiative’s goal is to make all commercial buildings in the United States at least 20 percent more energy efficient by 2020. All federal agencies are required to commit $2 billion in performance-based contracts over the next two years to support retrofits in federal buildings, with matching funds coming from the public sector.
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