Energy Efficiency Means Jobs, Profits
REPORT SHOWS MOST U.S. INDUSTRIES PROFIT WITH ENERGY EFFICIENCY POLICIES
"Good Business" Report Concludes 84 Percent Of U.S. Industries Would Save By 2010WASHINGTON, DC —- Center for a Sustainable Economy (CSE) released Good Business: A Market Analysis of Energy Efficiency Policy, the first study to calculate the effects of a new set of U.S. Department of Energy policy recommendations on a broad spectrum of U.S. industries. The results of Good Business indicate that more than 84 percent of U.S. industries would experience net cost reductions if the new policy recommendations were enacted.
"The energy policies outlined in Scenarios for a Clean Energy Future (CEF) help businesses reduce their energy costs significantly by promoting competitiveness and modernization throughout the economy," said J. Andrew Hoerner, CSE Director of Research and co-author of Good Business. "This type of forward-thinking energy policy is better for the economy, better for the environment and especially better for U.S. industry."
The CEF policy recommendations were released earlier this week by four of the National Laboratories of the U.S. Department of Energy. The research is the most comprehensive study yet of national energy efficiency strategy that incorporates sound scientific principles with consistent economic projections. The recommendations should serve as a benchmark for future debate on national energy efficiency policy.
"Good Business examines the implications of the CEF recommendations for business. We studied 498 individual industries," Hoerner said. "In addition to the immediate benefits, our model shows that the share of industries with net cost reductions will increase over time."
Good Business was written by Hoerner and CSE Research Fellow, Jan Mutl. Scenarios for a Clean Energy Future can be viewed at: http://www.ornl.gov/ORNL/Energy_Eff/CEF.htm.
Center for a Sustainable Economy is a non-profit, non-partisan research and policy organization that uses economic modeling and analysis to determine the impact of environmental taxes, auctioned permits and similar market-based tools on the economy, the environment and society.
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