New York Times (7/29, Galbraith) – A McKinsey report on energy efficiency in the United States, released today cites $1.2 trillion in potential savings by 2020 if the country first invests $520 billion in efficiency improvements like better insulation for buildings. The big question is, what policies can help us to get there? The report cites several “success stories.” Potentially, some could serve as models for other programs or policies. The report’s recommendations included better information and education about potential energy efficiency savings; tighter codes and efficiency requirements for appliances; and stronger financial incentives for making efficiency improvements.
The report acknowledged barriers to achieving the savings. First, it would be expensive: The investment envisioned by McKinsey would amount to four to five times the national energy efficiency investment in 2008, maintained over the course of a decade. Even the stimulus package barely makes a dent.
Wednesday, July 29, 2009
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