The Deutsche Bank and the Rockefeller Foundation released a study March 1 finding that retrofitting buildings through cost effective energy savings methods in the United States could result in $1 trillion in savings over 10 years and generate up to 3.3 million jobs largely without major federal financial support. The analysis, United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models, indicated that about $279 billion in investments would be needed to do the retrofits, which would reduce domestic electricity consumption by about 30 percent; researchers estimated that the building updates would reduce emissions by about 600 MMT, or 10 percent of total US emissions.