The energy efficiency provisions in the House energy and climate bill (H.R. 2454) could save $750 per household by 2020 and $3,900 per household by 2030, according to an analysis by the American Council for an Energy-Efficient Economy (ACEEE). An ACEEE news release notes that not only will efficiency reduce the costs to consumers and businesses of cutting carbon pollution:
ACEEE estimates that approximately 250,000 jobs will be created by the energy efficiency provisions in H.R. 2454 by 2020, with a total of 650,000 jobs generated by 2030.
The bill’s authors clearly understood that Energy efficiency is THE core climate solution – the biggest and lowest cost carbon-free resource by far.
The ACEEE agrees with CP and major environmental groups that a key improvement for progressives to pursue would be to “require utilities to reduce electricity demand by 10 percent by 2020″ (as opposed to the 5% to 8% the bill allows), which would result in an extra $50 billion in cumulative consumer savings by 2030“”savings that Waxman-Markey is leaving on the table.
The bill has a remarkable number of energy-saving provisions [click to enlarge].
Here is ACEEE’s discussion of the key efficiency provisions of the bill (and go to their original analysis for a detailed spreadsheet of the electricity, natural gas, and CO2 savings of each provision):