In looking over the Affordable Housing News magazine recently, I spied an article written by Jerry Ascierto in the Housing Finance News section on Cap and Trade Programs.

Many countries already use such systems (from the Kyoto Treaty days). What they do is give credits or permits depending how much carbon emissions are emitted in a year.

Last month, President Obama called for these same systems to be implemented here.

Proceeds gained might be used for energy efficiency in existing multifamily properties. “We need to make sure that there’s financing available to do retrofits, to really drive deeper energy efficiency in the building,” says Dana Bourland, a senior director at Enterprise Green Communities. “If we can make buildings more energy-efficient, that’s a much more sustainable approach than just covering the higher costs associated with our energy consumption.”

Enterprise Green Communities is a Maryland based firm working on a small carbon offset program to promote green building in housing developments.

To read the entire article, please go to http://www.housingfinance.com/news/aft/031709-aft-capandtrade.htm

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