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ABCABC News' Sunlen Miller reports: President Obama travels to State College, Pa., today to build on his plan to “out innovate” as first proposed in his State of the Union address last week. The president will be announcing initiatives dubbed the “Better Building Initiative” to make American commercial businesses more energy-efficient in order to create jobs.
While visiting the “energy-innovation hub” at State College, which focuses research on building efficiency, the president will outline his goals: to achieve a 20 percent improvement in energy-efficiency by 2020, reduce energy bills for companies and business by about $40 billion annually, and save energy by creating new incentives and challenging the private sector to serve as a catalyst for progress.
“This is going to be a high impact proposal,” a senior administration official said. “We believe this initiative has the potential to really unlock a large amount of investment, some of which is sitting on the sidelines right now, in an area that is a win-win: it helps reduce energy costs and saves businesses money and creates jobs.”
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http://blogs.abcnews.com/politicalpunch/2011/02/obama-to-propose-better-greener-commercial-buildings.html