Our planet is really feeling the heat of Global Warming. Humans are consuming resources like never before. A new coal-fired energy plant is built in China Each WEEK!

This all signifies that the consumption of raw materials will keep on escalating. And it doesn’t seem to be sustainable. We are losing all-natural resources fast, and if practically nothing is carried out to cease this drain, we will be hit hard. We already see the effects of Global Warming, like the El Nino impact. These tornadoes and Cyclones keep escalating in intensity and frequency each and every year.

Can fixing power-wasting buildings stave off global instability? Former president Bill Clinton thinks so. In the greatest project his foundation has taken on given that securing a provide of low cost generic AIDS drugs for third world nations, Clinton has brokered a $five billion work to finance the retrofit of old buildings in 16 cities about the world.

The project, which Clinton announced at a climate conference in Manhattan yesterday, creates a financing and labour pool to replace power-hogging light fixtures, as properly as install better constructing insulation and more efficient HVAC systems. ABN Amro, Citigroup, Deutsche Bank, JPMorgan Chase, and UBS will provide loans, which landlords will repay with the savings gained on their utility bills. Johnson Controls, Honeywell, Siemens, and Trane will manage and audit the operate even though 3 trade associations, including the U.S. Green Constructing Council, will train minority contractors and “long-term unemployed” labourers in the construction strategies. “This will create a technique to make it less complicated for constructing owners to make improvements,” Clinton mentioned.

Sounding a bit like his former vice president, environment guru Al Gore, Clinton added that cities emit 3-quarters of the world’s greenhouse gases and that buildings account for between 50 and 80 % of this toll. The program’s first wave of cities—Bangkok, Berlin, Chicago, Houston, Johannesburg, Karachi, London, Melbourne, Mexico City, Mumbai, New York, Rome, Sao Paulo, Seoul, Tokyo, and Toronto—will start off by retrofitting publicly owned buildings. Proponents are maintaining the plan open to private landlords as well—the landlord of Clinton’s offices in Harlem, Cogswell Realty, has signed on. Clinton’s foundation will also group with the C40 Big Cities Climate Leadership Group, a coalition of mayors and business, to market the plan and spread it to other cities.

Ever the optimist, Clinton promised the plan would reduce utility bills and create very good jobs everywhere it goes—including right here at property in the U.S. “Much of the material necessary will be made in this country,” he mentioned, “and with all due respect to the mayor of Mumbai, you can’t outsource the greening of a roof.”