Energy efficiency represents one of the lowest cost opportunities for climate change mitigation. Yet, wide-scale retrofits have not been disseminated due to high upfront capital costs, split incentives between owners and tenants, lack of information about retrofit opportunities, and the incapacity for asset owners to use overstretched balance sheets to finance improvements.


The Carbon War Room has launched a new consortium that will unlock billions of dollars of investment in renewable energy and energy efficiency technologies for US commercial real estate. The PACE Commercial Consortium (PCC) integrates the program management and engineering best practices of Lockheed Martin, the financial sophistication of Barclays Capital and the pioneering insurance partnership of Energi and HannoverRe in an end-to-end solution administered by the team's leader, Ygrene Energy Fund.

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