Invisible Energy & Economic Recovery
Invisible Energy shows how efficiency could contribute will over a trillion dollars annually to economic growth.
How can such an immense number be demonstrated? As Invisible Energy shows, the National Academy of Sciences, along with other scientific and business organizations, has estimated that efficiency could produce 30 percent of the energy America would otherwise need by 2030, even if we limit efficiency options to those where the technology is already available and where the costs are lower than business as usual. We spend about a trillion dollars annually on energy; a figure that without efficiency investment would grow to about $1.5 trillion a year, even if energy costs don’t grow.
So a 30-percent savings is worth about $500 billion a year! And even better yet, the costs of efficiency investment pay themselves back on average in just three years.
http://switchboard.nrdc.org/blogs/dgoldstein/americas_future_austerity_or_i.html
Cathy Zoi, DOE Assistant Secretary for Energy Efficiency and Renewable Energy, joins Clean Skies News to discuss the future of renewable energy and how speed and scale in energy efficiency can help us reach regulatory goals.
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