Milton Bevington
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Description

His brief with the Clinton Climate Initiative (CCI) in 40 cities worldwide is to provide market-based solutions, not handouts or tax rebates, to get efficient heat and power into millions of residential and commercial buildings. A large part of Bevington’s job is educating landlords and others about new financing approaches for retrofitting old buildings. One example: a Chicago bank designed a loan enabling the owners of the city’s 550 thousand multifamily housing units to use an “energy performance guarantee” as collateral. Borrowed funds go into reducing water and energy use, and “every single dollar required to pay back the bank” comes from a reduction in energy use. Bevington would like to see more investor-driven financing for energy efficient projects, which he believes could spread swiftly in both rich and poor countries “to change a large sector of the built environment.”


Lecture:

lecture
flag Opportunities in Infrastructure and Built Environment
as author at  MIT World Series: MIT Sloan 2008 Convocation,
together with: Sarah Slaughter, Judith Layzer, Bill Sisson,
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