Enigin Update - Incredible Potential for Economy in Energy Efficiency Financing
ENERGY efficiency investments can help the U.S. economy bounce back according to a new report compiled by Capital E for the Energy Foundation.
The report, Energy Efficiency Finance – Models and Strategies, states that energy efficiency investments can create over one million jobs during the next decade. It also reveals that there is a potential for $150 billion in energy efficiency investments annually in the U.S. which could lead to around $200 billion in energy cost savings yearly.
The report does warn though that these results may take time to achieve this full potential, as at this time the country is only financing energy efficiency to about $20 billion annually in the public and private sector, substantially short of the $150 billion in financing opportunities available.
This is where a massive potential lies for Enigin Distributors across the U.S. - with cost effective and a rapid return on Enigin plc's solutions and systems, Enigin Distributors are able to help the private and public sector to realise the huge potential of energy efficiency, protecting and bolstering the bottom line through reduced energy waste and hence costs.
The report states: “This investment gap represents an enormous opportunity to strengthen the economy, increase competitiveness of U.S. businesses while creating jobs and strengthening exports. The critical step to close this gap is to make EE (energy efficiency) financing a mainstream financial asset class with a high degree of standardisation, predictability and scale.
“Leading financial institutions recognize the opportunity to develop financial products in this area and are increasingly committed to expand financing for energy efficiency. To do so, banks are seeking to develop efficiency performance data and build scalable efficiency financing models.”
The report looks at several varied energy efficiency financing strategies and models, such as carbon market funding, mortgage-backed energy efficiency financing, PACE funding and preferential loans.
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