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Empire State Building retrofit shows climate change can be addressed at a profit
May 20, 2013 /
The Empire State Building, constructed in 1931, has recently undergone a comprehensive energy efficiency retrofit. It now uses 38 percent less energy than it did a few years ago. The owners invested $20 million in improvements, and the building now saves $4.4 million per year in utility costs. That’s a 4.6-year payback, equal to a return on investment of 22 percent. That far out-competes almost anything in the stock market, and it’s far less risky.
Ed Gulick
Full Story: http://www.ravallirepublic.com/news/opinion/mailbag/article_ef18883b-24f4-53d6-a158-a0648cbdcffc.html
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Posted in: Energy and Climate Change
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