Energy Efficiency Investment
Even when the economy is doing well, economic growth and job creation always seem to be at the center of focus for policymakers at every level of government. So it’s only natural that when energy efficiency policies and programs are being discussed one of the questions that often comes is how will proposed initiatives affect jobs.
How energy efficiency investment creates a ripple effect of multiple benefits for businesses beyond energy savings
Everyone knows that energy efficiency results in saving energy, but evidence points to an array of wider benefits. The term “multiple benefits” has emerged to describe the additional value that emerges with any energy performance improvement. The benefits that occur onsite can be especially meaningful to manufacturing, commercial, and institutional facilities. Energy efficiency’s positive ripple effects include increased productivity and product quality, system reliability, and more.
This summer was a scorcher. Heat waves repeatedly struck the Midwest and South, sparing only sections of the Northeast. All of California is still in a drought. Cities were especially hot due to their concentration of buildings and human activity, a phenomenon called the urban heat island effect. At times, it may have felt impossible to beat the heat.
ACEEE Executive Director Testifying Before House Energy and Power Subcommittee Today on “The Economic Impacts of State Energy Policies”
Washington D.C.—At a congressional hearing today, Steven Nadel, executive director of ACEEE, said that “states are stepping out and leading energy efficiency efforts in the United States as a way to save energy, lower consumer bills, and promote economic development.”
In his testimony, Nadel noted that there are large opportunities for cost-effective energy efficiency investments, investments that can aid economic development by:
U.S. Places 13th Out of 16, Behind Australia, India, and South Korea; Germany Wins “World Cup” of Energy Efficiency: 2nd International Scorecard Evaluates 16 Leading World Economies on 31 Categories.
As the World Cup comes to a close, fans are wondering which country will claim the championship. But the World Cup is not the only international competition coming to an exciting end next week. On July 17, ACEEE will release its 2014 International Energy Efficiency Scorecard, which will showcase winning energy efficiency policies and programs from around the globe.
Washington, D.C.—In response to the Environmental Protection Agency’s new proposal to reduce carbon pollution from existing power plants, Steven Nadel, executive director of the American Council for an Energy-Efficient Economy (ACEEE), made the following statement:
After a long warm-up, energy efficiency is taking its rightful place as a starting player in the clean energy game. This spring, we’ve seen both the public and the private sector put serious resources into helping build financing solutions to help efficiency reach the scale it needs.
The moment we have been waiting for has arrived! The Warehouse for Energy Efficiency Loans (WHEEL), a financing platform that will open the market for energy efficiency investment to institutional investors, is open for business. WHEEL acts as a virtual financial warehouse for relatively small individual loans, holding them until there are enough loans to attract attention from large investment houses.