Our CEO, President & Founder, Jeffrey Perlman, and Executive Vice President of Strategic Initiatives, Jonathan Braman contributed to the Clean Economy Employment Now (CLEEN) Project, an initiative focused on providing federal leaders with highly actionable clean economy job creation ideas. CLEEN does this by sourcing ideas and proposals from top executives and policy experts that will combat climate change, create jobs, and advance environmental justice.
Bright Power’s submission proposes mortgages backed by government-sponsored entities should meet a minimum energy efficiency and climate resilience threshold. With nearly 70% of all mortgages backed by the federal government and residential buildings representing 16% of energy consumption, government-backed mortgages represent over 10% of U.S. energy consumption and greenhouse gas emissions.
In addition to requiring no federal funding, this solution has the potential to:
- Reduce energy and water costs for building owners and residents
- Reduce U.S. greenhouse gas emissions by 2%
- Increase economic activity in implementing energy and water savings projects
- Future-proof buildings against future energy prices and climate risks
- Create upwards of 400,000 jobs, specifically in the installation of higher efficiency systems in residential buildings
We are excited at the possibility of this idea, as well as the many other impactful proposals, taking root and sparking change that will benefit building owners, their residents, and the environment.
If you are interested in contributing to the CLEEN Project’s database, proposals are due February 24.