Government Works: Federal Agency Actions on Energy EfficiencyACEEE, September 10, 2014
Federal agency actions on energy efficiency under existing legislative authority are saving consumers money, creating jobs, reducing greenhouse gas emissions and air pollution, and reducing oil use and imports. In this paper we examined four sets of recent and prospective agency actions on energy efficiency: appliance standards, vehicle standards, power plant emissions standards, and select housing policies.
We estimate that collectively these policies could save the American people $2.6 trillion (net present value of savings after needed investments for measures taken through 2040). They could cut cumulative carbon dioxide emissions by 34 billion metric tons, more than the total emissions from fossil fuels in this country over six years. They could reduce oil use by 3.4 million barrels a day in 2030, and 4.7 million barrels a day in 2040. And they could cut electricity demand in 2030 by one-fourth. Half of the energy savings are from policies that have not been issued yet.