Report: U.S. Could Save $1 Trillion Over 15 Years Through Energy Efficiency

Written By: Thatcher Michelsen March 28, 2013 0
A new report suggests that the U.S. could save over $1.4 trillion over the next 20 years by being more energy efficient.
A new report suggests that the U.S. could save over $1.4 trillion over the next 20 years by being more energy efficient.

This blog has addressed the issue of energy efficiency in the past, either through presenting do-it-yourself guides or exploring various reports released on the subject. Now, according to a brand-new study from the U.S. American Council for an Energy Efficient Economy (ACEEE), a nonprofit advocacy group, the amount of money that could be saved through sensible power practices is far higher than previously estimated.

ACEEE's analysis showed that, were American households, businesses and government associations to undertake a comprehensive energy efficiency overhaul, total power consumption could fall between 17 and 20 percent by 2020, and up to 31 percent by the end of 2030. All considered, this would amount to approximately $1.4 trillion in savings.

The organization outlined a number of useful proposals, including mandating a national "smart grid" project which, as we have described previously, could help make maintenance and expansion cheaper and easier for engineers. Likewise, diversifying energy sources to include more wind, solar and geothermal heat would reap additional benefits as well.

The Climate Group, another eco-friendly nonprofit, voiced its support of the report through a press release, saying that the findings were a good start to begin a national conversation about energy efficiency. This idea was previously hinted at during President Barack Obama's most recent State of the Union address, when he called for an across-the-board reduction in electricity use to help save the country money.

"Improving energy efficiency in homes, businesses and industries is one of the biggest opportunities to reduce U.S. emissions in the near term. And as this report shows, it can be done with cost-effective government policies that encourage economic growth," Evan Juska, the organization's chief for U.S.-based policy, said in a statement.

While it may be some time before these kinds of energy consumption reductions take place, it is encouraging to see researchers developing the actual numerical benefits of this kind of green living policy.  

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