Saving $1.2 Trillion through Energy Efficiency
Part of making a transition to alternative energy and getting off of carbon-emitting fossil fuels will be to become more efficient with our energy use.
A new report from the consulting firm McKinsey found that a upfront investment in energy efficiency through relatively simple efforts such as sealing leaky building ducts and replacing inefficient household appliances with new, energy-saving models could save up to $1.2 trillion dollars through 2020.
This investment in energy efficiency could cut the country’s projected energy use in 2020 by about 23 percent — a savings that would be “greater than the total of energy consumption of Canada,” said Ken Ostrowski, a senior partner in McKinsey’s Atlanta office, at a press event in Washington this morning.
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