A new initiative spearheaded by the Natural Resources Defense Council and the Institute for Market Transformation (IMT) will help 10 U.S. cities develop customized plans to boost the energy efficiency of their largest buildings.
According to Cliff Majersik, IMT's executive director, NRDC and IMT will provide technical assistance over the next three years to help each of the participating cities develop and implement individualized plans. NRDC estimates that the City Energy Project (CEP), funded by partnerships with Bloomberg Philanthropies, the Doris Duke Charitable Foundation, and the Kresge Foundation, will reduce carbon emissions by a total of 5 million to 7 million tons annually—the equivalent of taking 1 million to 1.5 million passenger vehicles off the road each year.