Doing More With Less: Energy Efficiency Bolsters The US Economy
The adage “do more with less” has proven to be fruitful for the US economy. Even while energy demands have increased over the last decades, investment in efficiency improvements have overshadowed conventional energy supply by a lot — and by a lot we mean $300 to $500 billion.
And it doesn’t stop at the money. The American Council for an Energy-Efficient Economy estimates that in 2010 (the last year with complete data) efficiency investments supported about 300,000 jobs. The Council says that “the compound benefits of energy efficiency investments are now meeting 74 percent of growth since 1970 in energy-related demand.”
The ACEE approximates that in 2010, $479 to 670 billion was spent on energy efficiency goods and services like Energy Star products, building improvements, repairs, LEDs, and the sales of efficient vehicles.
For more, take a look at this heavy hitting infographic to see where we are failing in energy efficiency, what we are doing to increase efficiency, and what’s on the horizon for better efficiency.
Source: ACEE
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