Study: Energy Efficiency Could Save U.S. 23% and That's Not Counting Transportation. By Kate Galbraith, NYTimes, July 29, 2009. "A new report [Unlocking Energy Efficiency in the U.S. Economy, PDF, 165 pp] on energy efficiency from the consulting firm McKinsey found that the United States could save $1.2 trillion through 2020, by investing $520 billion in improvements like sealing leaky building ducts and replacing inefficient household appliances with new, energy-saving models. That investment would cut the country's projected energy use in 2020 by about 23% -- a savings that would be 'greater than the total of energy consumption of Canada,' said Ken Ostrowski, a senior partner [of the firm.]... Homes account for about 35% of the possible gains in end-use efficiency, according to McKinsey. The industrial sector accounts for 40% and the commercial sector for 25%. The report looked only at cases in which the economic benefits of efficiency improvements would ultimately outweigh the cost of the upfront investment. It did not look at the transportation sector; nor did its $1.2 trillion figure factor in a price on greenhouse gas emissions, which could increase the savings."
2009-08-05
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