National standards that require appliances and equipment to be more energy efficient do more than save energy and reduce utility bills. They also spur economic growth and create jobs — a lot of jobs. In fact, our new report reveals that they created or sustained nearly 300,000 jobs in 2016 and are projected to support 553,000 jobs in 2030. These jobs benefit every US state.
Benefits to Consumers Turn Out To Be Much Higher
Washington, D.C.—A new report released today by the American Council for an Energy-Efficient Economy (ACEEE) and the Appliance Standards Awareness Project (ASAP) finds that the U.S. Department of Energy (DOE) has been overestimating the impact that energy efficiency standards for appliances and other products have on their price tags.
From the increased popularity of front loading washing machines, to an increased use of cold water detergents and wash cycles, consumers are becoming more attuned to energy- and water-saving technology and practices. Improvements in clothes washing are helping consumers save more energy and water than ever, but there are still significant savings to be realized in the residential sector and even more so in the largely untapped commercial laundry sector.
Washington, D.C.—A new analysis of devices and equipment commonly found in U.S. homes and businesses concludes that these products, with more than 2 billion in use, consume more energy each year than many large countries use to power their entire economies.
Using the Market to Help Leverage Increased Energy Efficiency: 16 Policies Could Save the U.S. Economy Almost $1 Trillion
While there is disagreement among politicians about the role of government spending and government regulations to spur cost-effective energy efficiency investments, politicians of all political stripes agree that knocking down market barriers that keep Americans from saving money is a worthy task.
ACEEE Outlines 16 Policies to Remove Market Barriers to Energy Efficiency and Leverage Market Forces
Energy Efficiency Policies Could Save the U.S. Economy Almost $1 Trillion
In 1980, the U.S. launched the EnergyGuide labeling program for certain home appliances and energy-using equipment. The program was designed to address two legislated goals: to improve energy efficiency and to assist consumers in making purchase decisions. Over its first twenty years, the labeling program and the label design were not subject to any systematic evaluation. However, through small-scale studies and anecdotal evidence, prior researchers have found that the U.S. label has not lived up to its legislative mandate.
WASHINGTON, D.C. — As Congress prepares to vote on the energy bill conference report, the American Council for an Energy-Efficient Economy's (ACEEE) preliminary analysis shows that the conference bill would save substantially less energy than the Senate version and would fall especially short on the key challenge of stemming growth in oil consumption.