The Kresge Foundation, in partnership with Bloomberg Philanthropies and the Doris Duke Charitable Foundation, has announced a $10.5 million commitment to the Natural Resources Defense Council in support of an initiative to curb carbon emissions and improve the energy efficiency of large buildings in cities across the United States.
Announced at the Climate Summit for Local Leaders in Paris, the funds will be used by NRDC and the Institute for Market Transformation to expand the City Energy Project to additional cities in the U.S. Launched in 2014, the first phase of the project helped ten cities — Atlanta, Boston, Chicago, Denver, Houston, Kansas City, Los Angeles, Orlando, Philadelphia, and Salt Lake City — make progress in increasing the energy efficiency of large buildings. The combined actions from those cities could lower energy bills by more than $900 million annually and cut carbon pollution on a scale equivalent to that generated annually by more than one million vehicles. The new funding will provide continued support to those cities and enable more cities to join the program.
"Buildings are the largest single source of U.S. carbon emissions, representing 40 percent nationwide — more than either the transportation or industrial sectors," said Kresge Foundation president and CEO Rip Rapson. "That number is even more dramatic at the city level, with more than half of carbon emissions in many U.S. cities coming from buildings. Collaborations like the City Energy Project — including city leaders, property owners, bankers, scientists, academics, and a range of other stakeholders — are essential to making progress in this sector."