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Journal Article
Integrating energy efficiency into mortgage financing: promising efforts in the New York City multifamily building sector
When McKinsey & Company first released its global cost curve for greenhouse gas abatement in 2007, proponents of energy-efficient retrofits of buildings rejoiced. Here was a respected analytical framework that supported what they understood intuitively: that simple, tried-and-true measures associated with building retrofits could be implemented at net-present value ?negative cost.? In other words, using relatively mundane technologies (such as insulation, air sealing, efficient boilers) would not only reduce carbon emissions but would pay for themselves in savings over time. At least one ...