Two of the largest U.S. pension funds, CalPERS and CalSTERS, announced yesterday that they would invest $1 billion toward energy efficiency projects. According to an analysis from the University of Massachussetts, energy efficiency retrofits can create more than 17 jobs per million dollars invested!
Not only would investing in energy efficiency retrofits create much needed jobs, it’ll help offset an amazing amount of energy and greenhouse gases!
If executed at scale, a holistic approach…is estimated to reduce end-use energy consumption in 2020 by 9.1 quadrillion BTUs [British thermal units], roughly 23 percent of projected demand, potentially abating up to 1.1 gigatons of greenhouse gases annually.
Kind of a big deal: $1.6 billion coming for energy efficiency projects | Grist
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