On May 24, U.S. Energy Secretary Steven Chu and other G8 Energy Ministers launched the International Partnership for Energy Efficiency Cooperation (IPEEC). The IPEEC will be used as a high-level forum to discuss and promote a wide range of actions to increase energy efficiency and reduce greenhouse gas emissions worldwide as well as stimulate the economies of participating nations and improve global security. "This partnership can help lead the world toward greater energy efficiency,” Secretary Chu said. “It will facilitate greater cooperation on our shared goals: a healthier planet and a stronger global economy."
The Energy Ministers signed the IPEEC Terms of Reference at a three-day meeting in Rome and agreed to initial tasks including the establishment of a Sustainable Buildings Network to promote strides in energy efficiency in residential, commercial, and industrial buildings. The group also agreed to identify better methods for measuring and verifying progress towards domestic energy efficiency goals. Secretary Chu said he hopes to use the IPEEC to develop opportunities for green jobs in the United States, while contributing to international efforts to address climate change and energy security . The building sector currently accounts for 40 percent of greenhouse gas emissions and 70 percent of electricity use in the United States.
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