Read the full story at GreenBiz.
Buildings consume more energy than any other sector — 42 percent of the nation’s primary energy and 72 percent of its electricity. And at current trend and performance levels, fossil fuel use in commercial buildings will increase, not decrease, by 2050, when 65 percent of today’s commercial square footage is predicted to be still standing.
This is why in 2011 President Obama announced the Better Buildings Initiative and launched the Better Buildings Challenge to push CEOs, university presidents, state and local government leaders, building owners and others to commit their organizations to reduce their annual energy use by 20 percent over 10 years while showcasing the best energy-saving strategies and their results.
Better Buildings has scored major wins in its first two years: More than 170 organizations are in the Better Buildings Challenge, committing more than 3 billion square feet of building floor space. With clear success garnering broad support for energy savings in the near term, the Better Buildings Initiative has driven the commercial and industrial sectors onto the path of mitigating climate change and reducing fossil fuel dependence.
But to reach the finish line, commercial buildings must become closer to being 40 percent more energy efficient by 2050. Achieving these deeper levels of savings more broadly will require a scaling up of investment in energy efficiency. RMI’s new practice guide on how to calculate and present value from deep energy retrofits can help drive that investment.