Elton B. Sherwin Sr. Managing Director Ridgewood Capital Author of The Silicon Valley Way and Addicted to Energy Governing Sustainability Summit New York City – June 21, 2011 These slides express the opinions of the author and have not been endorsed by any organization or government agency Three Simple Things Government Can Do to Create Jobs
A presentation by Elton Sherwin on building efficiency and job creation: Straightforward actions that cities, counties and states can implement. Prepared for the Governing Sustainability Summit, New York City – June 21, 2011. Elton is the Author of “Addicted to Energy.”
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Elton B. Sherwin Sr. Managing Director Ridgewood Capital Author of The Silicon Valley Way and Addicted to Energy
Governing Sustainability Summit New York City – June 21, 2011
These slides express the opinions of the author and have not been endorsed by any organization or government agency
Three Simple Things Government Can Do to Create Jobs
1. Disclose ENERGY STAR ratings – Government buildings
– Schools
– Contests
2. Copy San Francisco or NYC Regulation – Straightforward
– Requires all commercial buildings to calculate Energy Star score
– In year 2: disclose it on the city website
3. Celebrate buildings scoring 90+
When grades are published,
the rate of improvement accelerates.”
Sherwin’s Law
Phrasing adapted from Thomas S. Monson
A
“When performance is graded performance improves.
National Target
• Above 60: all existing buildings
• Above 80: all new buildings
vs. 2003 average ENERGY STAR score
Three Simple Things You Can Do to Create Jobs
1. Disclose ENERGY STAR ratings – Government buildings
– Schools
– Contests
2. Copy San Francisco or NYC Regulation – Straightforward
– Requires all commercial buildings to calculate Energy Star score
– In year 2: disclose it on the city website
3. Celebrate buildings scoring 90+
Questions and Answers with
Back-up Slides
Question: Take another minute to connect building efficiency
with jobs.
Rating + Disclosure = Action
Class A office
• Score of 17
• Hire an auditor, who discovers
– Error in building control software
– Valves set incorrectly
– Wires reversed
– Wrong windows on south side of the building
• And upgrades are made
• Jobs are created
An example
Over One Million Jobs Just in California
Accelerating the Pace of Energy Efficiency
*Renewable Energy and Energy Efficiency: Economic Drivers for the 21st Century, by Roger Bezdek.
Bezdek’s results are summarized here by Aaron Lehmer, in Renewable Energy Development Creates More Jobs than Fossil Fuels.
Almost all the jobs created in the energy efficiency category relate to buildings and their contents. The actual number of new jobs created by aggressive programs promoting building, appliance and electronics efficiency may be closer to 16 million jobs nationwide (32.18 million minus 14.9 million minus the transportation sector). California’s share of these jobs is at least 10% or 1.5 million. The challenge is to accelerate these jobs from into the current timeframe and to get on the advanced scenario, which could created these 1.5 million additional jobs.
References
Job Creation data
• Energy Pathways for the California Economy, David Roland-Holst and Fredrich Kahrl, UNIVERSITY OF CALIFORNIA
• Renewable Energy and Energy Efficiency: Economic Drivers for the 21st Century, Roger Bezdek.
• The Center for American Progress, using a more conservative methodology, estimates that doing deep energy upgrades on 50 million buildings would create 625,000 permanent new jobs. http://www.energyfuturecoalition.org/files/webfmuploads/RebuildingAmerica_Vision_Statement_FINAL.pdf