On September 19, 2023, the Biden administration announced that it will open applications for $400 million in financing to assist states and territories in adopting and implementing climate-friendly building rules. The Inflation Reduction Act provides financing for this project. This was approved by Congress and became law in August 2022 by President Biden.
Federal Funding for States Embracing the Latest Energy Codes and Zero Energy Standards
States and territories that agree to adopt either the newest model energy codes or zero energy standards will be given the funds. The International Code Council creates model energy codes, which are updated every three years. Zero energy regulations are significantly stricter. Moreover, mandate that new construction generates as much energy as it consumes.
Adopting environmentally friendly building rules has several advantages. It can lower greenhouse gas emissions while saving consumers money on their electricity bills. can strengthen a structure’s resistance to severe weather.
The U.S. Department of Energy estimates that houses constructed in accordance with contemporary energy requirements are 40% more efficient than those constructed 15 years ago. This implies that homeowners who purchase new, energy-efficient homes can reduce their annual energy costs by hundreds of dollars.
Adopting construction rules that are environmentally friendly can also aid in lowering greenhouse gas emissions. About 40% of the energy used in the US and 40% of the country’s emissions of greenhouse gases come from buildings. through improving the energy efficiency of buildings. Both our dependency on fossil fuels and greenhouse gas emissions can be decreased.
Biden’s $400 Million Investment in Climate-Friendly Building Codes
Last but not least, implementing climate-friendly building rules can increase a building’s resistance to extreme weather. such as hurricanes, floods, and wildfires; extreme weather conditions. Climate change is making these more frequent and severe. Extreme weather-resistant construction reduces the risk of damage to buildings. and may aid in preserving life and property.
A key advancement in the fight against climate change is the $400 million investment made in climate-friendly building rules by the Biden administration. The government is promoting the adoption of these rules by states and territories. Which helps to improve the energy efficiency of our structures. It lowers greenhouse gas emissions and increases the weather-resilience of our communities.
Adopting environmentally friendly building rules can help the economy grow and provide the advantages already outlined. In the US, there are many jobs in the building and energy efficiency sectors. And making investments in these sectors can aid in boosting the economy and adding new jobs.
Everyone benefits from the Biden administration’s commitment in environmentally friendly building rules. Consumers will save money, and greenhouse gas emissions will be reduced. In addition to creating jobs, it makes structures more resistant to adverse weather.