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“This analysis underscores that this legislation is effective and affordable,” said Rep. Waxman. “It sets America on a course of energy independence while taking significant steps to reduce dangerous global warming pollution.”

“Americans know that building a clean energy economy has real value, and this CBO analysis proves it,” said Rep. Markey. “Low-income American families will see a $40 benefit from using more wind and solar energy and less foreign oil. And for the cost of about a postage stamp a day, all American families will see a return on their investment as our nation breaks our dependence on foreign oil, cuts dangerous carbon pollution and creates millions of new clean energy jobs that can’t be shipped overseas.”

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Through Greater Energy Efficiency
 

Environmental Law and Policy Center Joins Partnership in National Coalition Advocating for Federal Energy Efficiency Standard

WASHINGTON, D.C. –  Iowa residents and businesses could save over $690 million on their utility bills if utility companies cut demand for electricity by 15 percent and natural gas by 10 percent by 2020, according to a new report released today by the American Council for an Energy-Efficient Economy (ACEEE). The new national and state-by-state analysis of energy efficiency benefits was made public as more than 60 business leaders, industry groups and environmental advocates, including The Environmental Law and Policy Center (ELPC) launched the Campaign for an Energy-Efficient America, a coalition calling on Congress to enact a national target for energy efficiency (www.energyefficiencyworks.org).

“Making homes and businesses more energy-efficient will create jobs, save Iowa residents money on their utility bills, reduce greenhouse gas emissions and improve the bottom line for Iowa businesses,” said ELPC Policy Advocate Andrew Snow. “That’s why we’re proud to join business and environmental groups in urging Congress to enact a federal energy efficiency resource standard (EERS) that will help us achieve these crucial goals.”

The ACEEE report found that in addition to generating utility bill savings, passage of a federal EERS could create 1,000 jobs in construction, manufacturing, and other fields in Iowa and reduce greenhouse gas emissions that contribute to climate change by 2.9 million metric tons. The measure would also eliminate the need to build more power plants in Iowa and prevent environmental risks associated with traditional power generation.

A national EERS would set a target for gas and electric utilities to meet, but allow states flexibility on how to achieve the targets through rebates and financial incentives for energy efficiency home improvements, use of energy-efficient lighting and appliances, combined heating/cooling systems and other measures.  Nineteen states have established a state EERS.

The Campaign for an Energy-Efficient America supports a national EERS that would require utilities to reduce electricity usage by 15 and natural gas usage by 10 percent by 2020. This proposal for a federal EERS is included in House and Senate versions of the Save American Energy Act (H.R. 889 and S. 548), introduced by Rep. Edward Markey (D-MA-7) and Sen. Charles Schumer (D-NY), respectively. 

ACEEE’s economic analysis reveals that by 2020, the proposed federal EERS could save American consumers $168.6 billion, create 222,000 jobs, reduce greenhouse gas emissions by 262 million metric tons – the equivalent of removing 48 million cars from the road – and eliminate the need to build 390 power plants. Laying the Foundation for Implementing a Federal Energy Efficiency Resource Standard is available at www.aceee.org/pubs/e091.htm.

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The Environmental Law and Policy Center is the Midwest’s leading environmental legal advocacy and eco-business innovation organization. www.elpc.org

Campaign for an Energy-Efficient America is a coalition of more than 60 leading businesses, industry groups and environmental organizations advocating for a national energy efficiency resource standard (EERS) to help the nation maximize energy efficiency – the fastest, cheapest, cleanest way to meet our growing energy needs while creating jobs, saving consumers money, boosting American competitiveness and reducing greenhouse gas emissions. For more information, visit our Web site at www.EnergyEfficiencyWorks.org.