Study Says Energy Efficiency Can Save The United States $1.2 Trillion

By Tracey de Morsella on August 2, 2009 1 Comment American Recovery and Reinvestment Act, Climate Change, conservation, de-coupling, Department of Energy, Department of Housing and Urban Development, DOE, EEM, efficient compact fluorescent light bulbs, energy consumption.The Obama Administration, energy costs, energy efficiency, Energy Efficient Mortgage program, energy savings, energy usage, energy-efficiency programs, energy-efficiency strategy, FHA, greenhouse gas emissions, home energy efficiency industry, homebuyers, homeowners, HUD, incentive programs, J. William Ichord, McKinsey & Co, nationwide standards, natural gas, peak electricity demand, per-customer consumption, ratemaking, SDG&E, Sempra, Shaun Donovan, SoCalGas, Southern California businesses, State Energy Program, Steven Chu, Unlocking Energy Efficiency in the U.S. Economy, upgrade equipment, utility bills, weatherization, Weatherization Assistance Program

The United States has the potential to save more than $1.2 trillion in energy costs and cut consumption by 23 percent by 2020, according to a report released last week by global management consulting firm McKinsey & Co. The comprehensive energy-efficiency strategy cited in the report removes approximately 1.1 billion tons of greenhouse gas emissions annually — the equivalent of taking the entire U.S. fleet of light trucks and passenger vehicles off the roads. It also could produce savings that exceed California’s total annual energy consumption.