Today Secretary Donovan had the privilege of visiting the site of the largest green-energy retrofit projects in America. Castle Square in Boston is projected to reduce its emissions by a whopping 72 percent when the green retrofits are finished. That’s the kind of aggressive reshaping of our buildings that we need if we are going to meet President Obama’s challenge to produce 85 percent of our energy from clean sources by 2035.
In addition to obvious environmental benefits, these deep retrofits support the “green” building industry which has the potential to be one of the new frontiers of American innovation that will help us out-compete the rest of the world. Every time we at HUD invest in a project like this, we are helping create and sustain the green jobs we need to win the future. Green construction already supports more than 2 million jobs and generates more than $100 billion in GDP and wages. And because of projects like Castle Square, over the next four years, the green building industry will support nearly 8 million jobs and generate more than a half trillion dollars in economic activity.
We want to thank local partners Michael Capuano and Mayor Tom Menino who both recognize the vast potential of making our buildings and communities more sustainable. Our @HUDNews twitter feed provided live coverage of this event complete with pictures and video, check out our timeline for more details!