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August 4, 2009

McKinsey: energy efficiency has big payoffs

WASHINGTON, D.C. — A new report by McKinsey & Co. says investing in the energy efficiency of buildings could reduce the nation’s energy consumption 23 percent by 2020, save the U.S. economy $1.2 trillion and reduce greenhouse gas emissions by 1.1 gigatons annually.

The study, sponsored by the U.S. Green Building Council and 11 other organizations, looks at how much the nation can increase energy efficiency in buildings and other sectors using existing methods and technologies. It says a targeted investment of $50 billion a year over 10 years would enable those potential savings to be realized, saving the U.S. economy $1.2 trillion and generating 900,000 jobs.

The report is called “Unlocking Energy Efficiency in the U.S. Economy.” The energy efficiency potential cited in the report is divided across three sectors of the U.S. economy: industrial, residential and commercial. For more information, visit http://www.usgbc.org.




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