MONEY & JOBS IN EFFICIENCY

Appliance and Equipment Standards: A Money Maker and Job Creator
January 26, 2011 (American Council for an Energy Efficient Economy)

"National appliance energy efficiency standards for common household and business products generated about 340,000 jobs in 2010, or 0.2% of the nation’s jobs, according to …the American Council for an Energy-Efficient Economy (ACEEE) and the Appliance Standards Awareness Project (ASAP). The energy and related utility bill savings from standards will continue to contribute to a healthy economy over time, and in 2030, the number of jobs generated will increase to about 380,000 jobs—an amount about equal to the number of jobs in Delaware today…

"…Appliance and Equipment Efficiency Standards: A Money Maker and Job Creator estimates net employment and wage impacts of U.S appliance, equipment, and lighting efficiency standards. The standards contributing to the job creation include those put in place between 1987 and 2010, new standards and revisions DOE will complete by 2013, and consensus standards in pending legislation.

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"Appliance and equipment standards save consumers and businesses energy because the standards increase the average efficiency of new products relative to what the efficiency would have been without new or updated standards. As a result, consumers and businesses spend less money on utility bills. This moves money from the utility sector, with relatively few jobs per dollar of revenue, to other sectors that have higher jobs per dollar of revenue. As existing standards affect more product purchases, and as new standards take effect, the number of jobs generated will increase along with energy bill savings…"

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"These existing and new standards also are making a big contribution to U.S. efforts to reduce energy use, with savings growing to 6.1 quads a year in 2030, or roughly enough to meet the total energy needs of one-quarter of all U.S. households for a year. Standards cover a wide range of consumer and commercial products, ranging from refrigerators, to light bulbs, to commercial air conditioners, to industrial motors…

"In order to reach the level of employment estimated in the report, Congress must pass the consensus appliance standards contained in the Implementation of National Consensus Appliance Agreements Act (INCAAA) of 2010, a bill with broad support but not yet enacted into law. This agreement, negotiated by manufacturers and efficiency advocates, would provide market certainty for manufacturers and energy savings for consumers and would generate over 1.1 quadrillion BTUs of energy savings in 2030, about the annual energy use of the state of Oregon. In addition, DOE must follow through on scheduled updates to existing standards…"