"Better Buildings Initiative" and "Innovation Cluster" Announced By President Obama [Updated] Obama's New "Better Buildings Initiative" Is Long Overdue, and Will Save Us Billions

President Obama's new initiative makes lots of sense: Commercial buildings account for 20 percent of the energy consumed in the country.

[Updated with video of the talk: 2/8/2011] President Obama just wrapped up a speech at Penn State University where he announced the creation of a "Better Buildings Initiative" to incentivize weatherization and energy efficiency retrofitting for commercial buildings. This is good news considering that commercial buildings currently account for roughly 20 percent of the energy consumed in the whole of the U.S. economy.

The president emphasized that efficiency means less costly waste, and that the aim of the program would be to make commercial buildings 20 percent more efficient nationwide. This would reduce companies’ energy bills by about $40 billion a year, money that could be much better spent on hiring new employees and expanding business.

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