Averting the Next Mortgage Meltdown While Cooling the Planet

Daphne Wysham - September 2, 2010 - From the Huffington Post

The economy is in the tank, and, unless we do something about it, it's about to get worse. It turns out the mortgage meltdown we've been suffering through is only the first wave. Wave No. 2 may be more like a tsunami: Between now and 2014, $1.4 trillion in commercial real estate loans are coming due. Most of these loans are for small and medium-sized commercial buildings and businesses that are either "underwater" -- worth less than their mortgages -- or close to it. Without swift intervention, the commercial real estate (CRE) crisis will cripple the still sputtering economy, throwing more people out of work, and precipitating more business bankruptcies and community bank failures.

Yet crisis breeds opportunity. And in this case there could be a double opportunity. It turns out that buildings are responsible for about half of America's emissions of greenhouse gases that are heating our planet. And we're heating, lighting and air-conditioning these buildings like there's no tomorrow. Read the full story...

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