The Federation of American Scientists released a paper that reviews the shortcomings of the Energy Efficient Mortgage (EEM) program and current legislation introduced by Congressman Ed Perlmutter (D-CO). With its ability to reduce energy use and carbon emissions, the EEM could be used to combat higher consumer energy costs and climate change.
According to the Energy Information Adm., residential CO2 emissions accounted for 1242 million metric tons of carbon in 2007. In 2001, American homeowners spent approximately $160 billion on energy costs, almost $1,500 per residence. To read more about the shortcomings of the EEM program visit email.fas.org