The impact of investments in energy efficiency extends well beyond reducing energy costs or addressing the environmental impacts of energy extraction and use. These investments provide jobs for American workers and help them to support their families and communities.
The economic benefits of energy efficiency extend far beyond lowering energy bills for consumers. Efficiency also contributes to economic development and job creation. But who benefits most from these economic opportunities? At every step of the economic value chain produced by efficiency investments (see figure below), there are opportunities to target the economic and social benefits to those households, businesses, geographies, or sectors for whom they will make the biggest difference.
Washington, D.C. — Proposed federal energy efficiency jobs provisions would create about 333,000 jobs in 2010 and then 184,000 jobs in 2011 as funding begins to ramp down, according to a new analysis released today by the American Council for an Energy-Efficient Economy (ACEEE). The proposed programs include residential and commercial retrofit programs and an energy-efficient manufacturing grant program. The Senate Energy and Natural Resources Committee and a House Energy and Commerce Subcommittee on Energy and the Environment will be holding hearings on these issues this week.
The Administration and Congress are concerned about the high unemployment rate and are planning a significant jobs bill, to be enacted in spring 2010. The focus of the bill is creating jobs in 2010 and the bill will emphasize projects and programs that can begin quickly and start creating jobs within a few months of enactment. The bill is likely to have multiple components, a few of which relate to energy efficiency and creating “green jobs.” As of this writing, three major efficiency provisions are in development – residential retrofits, industrial and CHP efficiency grants, and commerc
Today, legislative language was released for a Senate jobs bill that will likely be introduced in the coming weeks. ACEEE is pleased that $11.5 billion for energy efficiency has been included as a key component of the bill. Of that money, $4 billion would be allocated for industrial energy efficiency and productivity.
In December, ACEEE and 26 other leading trade associations, industrial firms, and NGOs signed a letter in support of provisions in upcoming jobs legislation that will create jobs, improve energy efficiency in manufacturing, and help make American industry more competitive.
Yesterday, President Obama gave a speech broadly laying out the steps that his Administration envisions for further stimulating the economy, putting Americans back to work, and getting businesses hiring again.
Energy Efficiency Improvements to Waxman-Markey Could Create 569,000 Jobs, Save Households $283 Annually in Ten Years
Washington, D.C. — Energy efficiency provisions in the American Clean Energy Security Act (ACES — H.R. 2454) with improvements could create more than 569,000 new jobs nationwide in the next ten years and provide $283 in annual savings for every household in America, according to a new study released today by the American Council for an Energy-Efficient Economy (ACEEE).
In February 2009, Congress passed and the President signed an economic stimulus package estimated to cost $787 billion over two years. Below we summarize provisions related to energy efficiency. Copies of the legislation and some other details are available from the federal government at www.recovery.gov.
The stimulus package provides approximately $20 billion specifically for energy efficiency as follows: