Unformatted text preview: stock and accounts for 10% of out GDP (i.e. residential homes)-By not focusing on the public sector, it is not tax dependent or on Chinese loans-The plan calls for new and existing buildings to meet energy consumption reduction targets below an established benchmark of 30% (4), 50%(3.5), 75%(2.5) and carbon neutral (2%)-If these targets were met, the homeowner could reduce the mortgage rate to the said values—very low risk because with the cost of improvements factored in, homeowner will be saving hundreds of dollars a month-Plan calls for government subsidy of around $200 billion, but would create $1 trillion dollars in non-federal spending stimulating one of the hardest hit industries-Will save consumers between $132-208 billion in energy costs and mortgages over 5 year period-If implemented, models show that we could potentially be at the 2030 Plan, reducing massive amounts of CO2 emissions and putting us close to sustainability...
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This note was uploaded on 04/02/2009 for the course ENV S 2 taught by Professor Keller during the Winter '09 term at UCSB.
- Winter '09