Energy retrofit initiative signed in New York

September 22, 2011

The New York Times reported that the Clinton Global Initiative has announced a collaboration with developers, investment firms and other companies in an effort to retrofit commercial buildings to make these structures more energy-efficient.

According to a release from the Clinton Global Initiative, there is a large list of industry leaders that have signed on to the project. Members include Goldman Sachs, the Greenprint Foundation, Johnson Controls, Jones Lang LaSalle, Malkin Holdings, Vornado and YR&G Enlist Bloomberg.

The initiative is part of a three-year plan to help New York City develop and retrofit commercial properties to be more energy-efficient buildings. The structures in the area account for more than 80 percent of carbon dioxide emissions within the city, according to Crain's New York.

"This partnership will help address the challenges of financing the conversion of commercial buildings to be highly energy efficient by providing a clear business case," Kyung-Ah Park, a Goldman Sachs managing director in the environmental markets group, said in a statement.

The Department of Energy designated the Greater Philadelphia Innovation Cluster for Energy-Efficient Buildings as the winner of an award to serve as a test bed for the development and integration of such technology.