Energy Efficiency Investment
This is the final post in a three-part series on understanding and increasing investments in energy efficiency by businesses and individuals. In the first post, we estimated these US investments total about $60-115 billion per year. In the second post, we discussed what motivates many households and businesses to invest in energy efficiency.
This blog post is the second in a three-post series on understanding and increasing investments by businesses and individuals in energy efficiency. In the first post, we discussed current energy efficiency investments in the United States, which we estimate total about $60-115 billion per year. This number includes investments driven by policy, private market investments, and a mix of the two.
Energy efficiency investments occur in virtually every sector of the economy. When combined, their total number is substantial — estimates range from about $60 to $115 billion a year in the United States. In this post, we look at some recent estimates of energy efficiency spending, updating and expanding information we compiled earlier this year so that we may better understand the magnitude of these investments and where they occur.
Our first-ever scorecard of US utilities, released today, reveals striking regional differences and identifies the best — and worst — performers on energy efficiency. The 2017 Utility Energy Efficiency Scorecard looks at the performance of the 51 largest electric utilities in the United States and highlights cutting-edge efforts. Topping the list are Eversource Massachusetts and National Grid Massachusetts, which both earned the same score.
What is your utility doing to promote energy efficiency? Could it be doing more? Find out in ACEEE’s first Utility Energy Efficiency Scorecard, to be released on Wednesday, June 14, 2017. Get excited about this first-of-its-kind, comprehensive look at utility-sector energy efficiency performance by joining our countdown to its release. Here are 10 things to look for:
Washington, DC—Maryland could gain more than 68,000 new jobs and $3.75 billion in new gross domestic product as a result of investments to be made over the next 10 years through the EmPOWER Maryland energy efficiency program, according to a new study from the American Council for an Energy-Efficient Economy (ACEEE). The study comes as the Maryland General Assembly debates bipartisan legislation to extend EmPOWER Maryland and establish new statewide energy efficiency goals.
Bank of America’s Energy Efficiency Financing Program shows path to combining energy savings and community development
If you spend any time with the energy efficiency crowd, you will often hear us call it the lowest cost energy resource out there. What you will never hear us say is that energy efficiency is free. Efficiency can do many great things: It saves money, cuts pollution, increases productivity, and creates jobs. What it can’t do is defy one of the fundamental laws that governs all investments—it takes money to make money.
One of the distinctions we often make between energy and energy efficiency is that energy acts more like a cost, and energy efficiency acts more like an investment. Like most investments, energy efficiency works by using an up front expense to generate a stream of economic benefits. Every year, our Energy Efficiency Finance Forum conference looks at ways to manage these up-front costs and how to use that stream of benefits to turn energy efficiency into a viable investment market.
The 2016 International Scorecard is almost here. Tune in next week to see the Olympics of energy efficiency
As world-class athletes descend on Rio for the 2016 Olympic Games, twenty-three countries are vying in a very different arena to become leaders in energy efficiency.