New Study Finds $123 Billion in Savings from New Appliance Standards

Grist (8/14, Burt) – The Appliance Standards Awareness Project (ASAP) and the American Council for an Energy Efficient Economy (ACEEE) released a new report highlighting the opportunities for saving billions of dollars and huge amounts of energy through updated federal appliance standards. Full Report and Executive Summary.

Add this to the growing list of studies pointing to energy efficiency as our fastest, cleanest, and cheapest energy resource, including the recent McKinsey study that found $1.2 trillion in potential savings. This report makes the important point that appliance standards, while often ignored or downplayed, have a tremendous contribution to make as we move toward a clean energy economy and economic recovery… This is not surprising news. We have known for a long time that federal appliance standards save energy, cut emissions, and return money to taxpayers. We have also seen well crafted standards spur innovation within industries. The really interesting point is that 22 years after the birth of the federal standards program, billions in potential savings are still available.