U.S. addresses energy inefficiencies, revealing a remarkable $18.5 billion in savings
The latest report from the U.S. Department of Energy (DOE) highlighted the tremendous strides made by the Better Buildings Initiative, revealing a collective energy savings of $18.5 billion since 2011. These efforts not only signify the dedication to economic savings but also highlight a pivotal shift towards a cleaner and more sustainable environment.
Spanning over a decade, the Better Buildings Initiative’s collaborations have drawn from a diverse array of sectors, boasting partnerships with more than 900 businesses, local governments, utilities, housing authorities, and other public and private entities. Their combined efforts have successfully offset carbon dioxide emissions by nearly 190 million metric tons. To put that into perspective, that’s tantamount to the annual emissions from approximately 24 million households.
Another notable accomplishment embedded in the report is the outcome of the Better Climate Challenge. This initiative urges leading building owners and industrial magnates to halve their greenhouse gas emissions in a span of just 10 years. Remarkably, in merely its inaugural year, the Challenge has seen reporting from close to 1 billion square feet of building spaces and 1,500 industrial facilities.
Through the Better Buildings Initiative, the DOE has a broader vision of enhancing energy efficiency across commercial, industrial, and residential landscapes. Such endeavors align seamlessly with the Biden-Harris Administration’s overarching strategy of curbing energy expenses for U.S. households and businesses, all while responding decisively to the global climate emergency.
U.S. Secretary of Energy, Jennifer M. Granholm, voiced her endorsement of the Initiative, emphasizing its role in shaping a sustainable future. She commented, “The Better Building Initiative provides an invaluable blueprint for both the public and private sectors. It aligns perfectly with President Biden’s rigorous climate objectives, enabling us to design and implement solutions pivotal for a resilient clean energy trajectory.”
On the financial front, it’s noteworthy that the U.S. allocates approximately $400 billion annually to power its commercial and industrial edifices. Yet, a staggering 20% to 30% of the nation’s energy consumption is deemed wasteful. Thus, endeavors like the Better Buildings Initiative play a crucial role in recalibrating this imbalance, ensuring energy is harnessed more judiciously for the nation’s future.