Unleashing US Energy Efficiency Potential

Unlocking Energy Efficiency

“Energy efficiency offers a vast, low-cost energy resource for the US economy – but only if the nation can craft a comprehensive and innovative approach to unlock it. Significant and persistent barriers will need to be addressed at multiple levels to stimulate demand for energy efficiency and manage its delivery across more than 100 million buildings and literally billions of devices. If executed at scale, a holistic approach would yield gross energy savings worth more than $1.2 trillion, well above the $520 billion needed through 2020 for upfront investment in efficiency measures . . . . Such a program is estimated to reduce end-use energy consumption in 2020 by 9.1 quadrillion BTUs, roughly 23 percent of projected demand, potentially abating up to 1.1 gigatons of greenhouse gases annually.”
— Unlocking Energy Efficiency in the US Economy

“Unlocking Energy Efficiency in the US Economy” is a voluminous new 165-page study by McKinsey & Company which seeks to “enable the development of thoughtful strategies for improving . . . energy productivity in the US economy.”

As they explain in the course of their executive summary, “our research indicates that by 2020, the United States could reduce annual energy usage consumption by 23 percent from a business-as-usual . . . projection by deploying an array of NPV-positive [net-present-value-positive] efficiency measures, saving 9.1 quadrillion BTUs of end-use energy (18.4 quadrillion BTUs in primary energy).”

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Published in: on August 5, 2009 at 3:48 pm  Leave a Comment  

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