As Congress scrambles to develop a bill to invest trillions of dollars in economic recovery, it seeks to create jobs, slash climate-warming emissions, and help people struggling to pay their bills. Transformative energy efficiency investments would deliver major progress on all three. In a new analysis, we look at almost $350 billion of investments to save energy in every sector of the economy, largely proposals currently before Congress as it develops a “reconciliation” bill. We find that these investments could achieve over the lifetime of the investments and savings: 3.2 million added jobs (job years); 4.5 billion tons of reduced carbon dioxide (CO2) emissions, equivalent to total U.S. emissions for 11 months; $282 billion in energy bill savings and other consumer benefits (e.g., manufacturing cost, health, and comfort benefits) above the investment.
ACEEE 10th Sept 2021 read more »