Doubling energy productivity in the US by 2030 will save $327 billion a year in energy costs

Reading time: 2 minutes
28 November 2016

Source: American Energy Productivity

Doubling energy productivity in the US by 2030 will save US$327 billion a year in energy costs, add 1.3 million jobs, and reduce CO2 emissions by 33% below 2005 levels - a study finds.

'American Energy Productivity', a report from the Rhodium Group prepared on behalf of the Alliance to Save Energy, indicates that this ambitious goal requires an annual improvement in energy productivity of 3.7% between 2013 and 2030.

The US "has achieved this rate of productivity improvement in the past, but never for such a sustained period of time," the authors warn.

However, decoupling energy demand and economic growth is both technically and economically possible, the study states, and will "deliver an 18% reduction in overall US energy demand by 2030 relative to 2011 levels while sustaining -if not improving- trend economic growth."

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