# Energy Efficiency Policies Could Save the U.S. Economy Almost $1 Trillion

- Link: https://greenlivingguy.com/2020/03/energy-efficiency-policies-could-save-the-u-s-economy-almost-1-trillion/
- Published: 2020-03-23T15:16:38-04:00
- Author: greenguruguides

#### **_Old ACEEE Report Outlines 16 Policies to Remove_** **_Market Barriers to Energy Efficient Policies and Leverage Market Forces Aka Still Relevant Today!!_**

The American Council for an Energy-Efficient Economy ([ACEEE](https://greenlivingguy.com/2018/04/aceee-denounces-imminent-epa-rejection-commonsense-light-duty-standards/))
released a Report highlighting 16 energy efficient policies. Policies that remove
market barriers across the economy to investments in energy efficiency.

![Energy efficient policies and measures work ](https://i0.wp.com/greenlivingguy.
com/wp-content/uploads/2018/04/img_4360.jpg?w=736&quality=52&ssl=1)

The report, **_Overcoming Market Barriers and Using Market Forces to Advance Energy
Efficiency_** , provides Congress and state policymakers with a road map to address
national energy consumption through policies that could save the country approximately
$1 trillion in energy bills and 19 quads in energy consumption.

⌊Energy efficiency by Home Depot. We need more energy efficient policies⌉⌊Energy
efficiency by Home Depot. We need more energy efficient policies⌉
 The United States
has made much progress in energy efficiency in the last few decades but there are
still large, cost-effective opportunities available to advance efficiency even further,
while improving the economy at the same time. However, a variety of market failures
and market barriers contribute to keeping us from fully realizing our energy efficiency
potential.

    ```
    "Eliminating barriers that keep us from reducing waste is an approach both sides of the aisle can support," said ACEEE Executive Director Steven Nadel. "By removing these barriers, Congress and state policymakers have an opportunity to let smart investments help strengthen the economy while saving the nation billions."
    ```

The report discusses several targeted policies that leverage market mechanisms and
address specific market failures to energy efficiency. Again and without requiring
substantial spending or government mandates. For example, the development of a comprehensive
building labeling and benchmarking program. For it could save approximately 1.6 
quads of energy and $60 billion. That’s between 2014 and 2030.

Even more impressive are the benefits gained from adjusting corporate tax legislation
to encourage the replacement of inefficient equipment. As well as from removing 
regulatory barriers to combined heat and power (CHP) projects. These two policies
alone could reduce national energy consumption by 7 quads. Moreover save the economy
close to $300 billion.

#### “We want to show policymakers that there are a number of cost-effective policies out there. All that could promote energy efficiency and kick start the economy at the same time. This report highlights a number of inventive approaches that we haven’t made much use of to date,” said lead author and ACEEE Senior Research Analyst Shruti Vaidyanathan.

The report includes policy interventions targeted at residential and commercial 
buildings. Also the industrial sector and the transportation sector. That’s as well
as a number of policies with economy-wide benefits.

In conclusion, for each measure, the report provides a brief description of the 
policy. Finally, its legislative history. Also general estimates of associated costs
and benefits. As well as recommendations about future policy design.

To read the report visit: [https://aceee.org/research-report/e136](https://aceee.org/research-report/e136)