Southeast Green - Business depends on the environment and the environment depends on business

Better Buildings Challenge Saves $840 Million in Energy Costs, Adds New Water Savings Goal

Partners Continue to Lead in Efficiency, Reach New Levels of Energy Savings

As part of the Administration’s effort to advance energy efficiency and combat the harmful effects of climate change, Better Buildings Challenge partners have cut energy waste by 94 TBTUs since President Obama first launched the challenge in 2011. The energy savings announced today have saved partners a total of $840 million dollars in energy costs and avoided 6 million tons of harmful carbon emissions, equivalent to cutting the emissions of 1 million cars. To continue this progress, the Energy Department is expanding the Better Buildings Challenge to include water savings goals and Senior Advisor to the President Brian Deese today called on existing partners to recruit one new partner to join the program and set a goal of reducing energy use across their respective building portfolios by at least 20 percent in the next 10 years, effectively doubling down on Better Buildings.

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Cities To Invest $64 Billion In LED And "Smart" Streetlights By 2025

84% of world's streetlights LEDs by 2025; 37% networked, or "smart"

There are currently more than 2,000 LED and smart streetlight projects globally. With these infrastructure projects, cities and municipalities across the world modernize their streetlights with more efficient light-emitting diode (LED) lights. They are also deploying sensors, communications and analytics software throughout their street lighting infrastructure and creating "smart cities." This is a key segment of the emerging "Internet of Things." Rapidly falling costs and clear benefits have led to a sharp increase in the number and scale of LED and smart streetlight projects in the past year, according to a new study published today by Northeast Group, LLC.

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Fannie Mae Closes First Multifamily Deal to Benefit from its Green Building Certification Pricing Break

Station House Loan Closes Less Than Two Months after Pricing Break Announced

Fannie Mae announced the first loan to close with its Multifamily Green Building Certification Pricing Break. The Station House, which was acquired in April by Prudential Real Estate Investors on behalf of an institutional client,  is a 50-unit, mid-rise multifamily rental property in Maplewood, N.J., that  has a U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) certification. Wells Fargo originated the $10,175,000 million loan.  As a result of the reduction in its all-in interest rate by 10 basis points (.10 percent), PREI will save more than $101,000in interest payments over the life of the loan.  The loan is securitized as "Green Mortgage-Backed Security," indicating to fixed-income investors that the bond supports reductions in impacts to the natural environment.

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Supreme Court Decision Threatens Public Health, Won’t Revive Big Coal

The U.S. Supreme Court sided with industry challengers, and overturned the Environmental Protection Agency’s (EPA) historic Mercury and Air Toxics Standards (MATS), which are designed to safeguard local communities against dangerous pollution from power plants. The Supreme Court’s decision reversed the Court of Appeal’s ruling in a five-to-four decision and sent the rule back to the EPA to provide an additional assessment of the costs of the standards to industry. It instructed the Court of Appeals for the D.C. Circuit to determine whether the standards will remain in place while EPA completes the required analysis.

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