Nothing demonstrates the disconnect between politicians and the marketplace more than the current debate about climate change and U.S. energy policy.
Before Christmas, Congress passed a measure barring the U.S. Department of Energy from enforcing a ban on incandescent lightbulbs. The original measure, passed in 2007 with bipartisan support and signed into law by President George W. Bush, required a switch to more energy-efficient bulbs beginning in January 2012. Following this directive, the U.S. lighting industry began to produce a wide array of new energy-efficient lightbulbs that save consumers money (almost $90 per year) and have gained market share.
Read more...The Greening of the Real Estate Industry via Urban Land Institute