NEWS RELEASE

Contacts: Steven Nadel, 202-507-4011

Media Contact: Glee Murray, 202-507-4010

Updated ACEEE Analysis Shows Savings of $4,400 per Household by 2030

From House Climate Change Bill

Energy Efficiency Provisions Will Create 770,000 Jobs by 2030

Washington, D.C. (June 24, 2009): The federal energy efficiency provisions included in H.R. 2454, the American Clean Energy and Security Act (aka Waxman-Markey), could save approximately $1,050 per household by 2020 and $4,400 per household by 2030, according to an updated analysis by the American Council for an Energy-Efficient Economy (ACEEE). Changes to ACEEE's analysis come from an updated assessment of savings from a number of provisions, as well as changes to the bill made in a Rule's Committee version of the bill released yesterday.

Changes to the efficiency provisions bill include the addition of Smart Grid appliances in the Best-In-Class Appliance Deployment Program and a new program operated by small rural electric cooperatives to reduce customer bills and promote energy efficiency and renewable energy. In addition, 10 percent of the SEED (State Energy and Environmental Development) program is set aside for transportation programs that reduce greenhouse gas emissions. The bill also changed the distribution of R&D funds, 70 percent of which will go to Advanced Energy Research and 30 percent of which will go to "Energy Innovation Hubs" at universities.

The energy efficiency provisions in the bill will reduce the transitional costs of capping carbon pollution. Savings from reduced energy use will be reinvested locally, creating a multiplier effect that will generate economic activity and jobs. ACEEE estimates that approximately 305,000 jobs will be created by the energy efficiency provisions in H.R. 2454 by 2020, with a total of 770,000 jobs generated by 2030. Moreover, the transitional cost of cap-and-trade legislation is reduced by investment in efficiency because fewer new energy facilities are needed and fewer upgrades are needed in existing facilities to help meet emissions ceilings-creating significant additional consumer savings.

"This revised analysis directly underscores the important contribution energy efficiency provisions make towards keeping the costs of a cap-and-trade program to modest levels due to reduced energy use and reduced need for expensive new power plants," said Steven Nadel, Executive Director of ACEEE. "The jobs created by the efficiency provisions in the bill are also an important benefit," he continued.

In total, the energy efficiency provisions in H.R. 2454 could reduce U.S. energy use by 5.4 quadrillion Btu's, which accounts for about 5 percent of projected U.S. energy use in 2020. This 5 percent savings in 2020 is about the same as what U.S. EPA estimated in a June 23 analysis. These energy efficiency savings are more than the annual energy use of 47 of the 50 states, including New York State. Furthermore, such savings will avoid about 345 million metric tons of carbon dioxide emissions in 2020, the equivalent of taking 57 million cars off the road for a year. By 2030, these energy efficiency savings grow to 12.3 quadrillion Btu's, accounting for about 12 percent of projected U.S. energy use that year. ACEEE's 2030 savings are larger than EPA's, in part because ACEEE's efficiency analysis included several provisions that EPA did not have time to model.

Details on ACEEE's analysis of the House legislation can be found at: http://aceee.org/energy/national/index.htm.

###

About ACEEE: The American Council for an Energy-Efficient Economy is an independent, nonprofit organization dedicated to advancing energy efficiency as a means of promoting economic prosperity, energy security, and environmental protection. For information about ACEEE and its programs, publications, and conferences, contact ACEEE, 529 14th Street N.W., Suite 600, Washington, D.C. 20045 or visit aceee.org.

Return to Environmental Update
Return to Homepage

Roubidoux

True tales of the Huckleberry Finn type adventures of a boy who journeys from delinquency in California to Southern culture in the Missouri Ozarks. Although told through the eyes of a twelve year old who never grows old, much of the real life adventure is emotionally timeless with appeal to all ages. Brutally honest at times but never off colored. A sample from Roubidoux may be read here. The book may be ordered here.

Do you know that your body is naturally acidic which makes you susceptible to all manner of unhealthy conditions and illnesses? By making your body alkaline instead of acidic you mitigate these potential health problems. One way of doing this is to drink alkaline water. The above machine is called the "Athena" and makes tap water into pure, clean alkaline water. It's rather expensive, but it's the best in the world. Isn't your health worth it? Click here to learn more and order it.

Want to live clean without exposing yourself or your family to hazardous chemicals? Miracle II soap is all natural and contains no hazardous chemicals. You can clean anything with it, including your body. A capful of it in the water each time you bathe will guarantee you will never see another scum ring in your tub, to say nothing of the infinitely more dramatic beneficial effects attested to by a multitude of Miracle II users throughout the world. From the mundane to the sublime, Miracle II works!

No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.5.339 / Virus Database: 270.12.90/2200 - Release Date: 06/24/09 12:49:00