Bill Clinton touts economic impact of energy efficient retrofits, green technology

September 20, 2011

Energy efficient buildings not only create benefits for the environment but for workers as well, according to former President Bill Clinton.

Clinton recently spoke at the seventh annual Clinton Global Initiative about how investing in energy efficient retrofits and green technology can give a boost to the U.S. and the rest of the world, Reuters reports.

The former president spoke about a commitment from the AFL-CIO labor federation and the American Federation of Teachers to help reinvest about $10 billion over the next half-decade into such projects.

"This is a huge deal. This could be done not just in the United States but in every European country, in every wealthy Asian country. This system will work and you get guaranteed savings," Clinton – who served as America's president from 1993 to 2001 – said at the conference.

The news source reports that in cities like New York, buildings are responsible for about 70 percent of the city's greenhouse gas emissions.

There have been many efforts around the country to create more energy efficient buildings such as the GPIC initiative in the Philadelphia area.