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| Recommendation to HUD about how to create a fund to finance energy retrofitting. | |
The Building Energy Efficiency Finance Fund would stimulate the development of the national building energy efficiency retrofit market.
The Fund would serve as a 'national green housing retrofit investment bank' -- whose purpose is to catalyze the private market for energy efficiency building retrofits. We believe that this market is ripe for development -- and that a well
capitalized national investment fund could significantly accelerate its development.
If 50% of the 128 million housing units nationwide were retrofitted at the modest rate of $10,000 per unit, this would be a market worth over $600 billion in revenues. Stimulating a market of this size will require a ìmarket-makingî institution that can make several different kinds of smart investments, as well as bring together many of the key players in the market to build the market infrastructure (information products; standards; supply chain; specialized intermediaries; etc.) need to have the market be self-sustaining over time.
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