McKinsey & Company released a new report yesterday outlining opportunities for consumers, businesses and other institutions to save nearly $1.3 trillion in energy costs by 2020. According to the report, America could reduce its non-transportation energy usage by 23 percent by 2020 by investing in energy efficiencies.
EPA Administrator Lisa P. Jackson released the following statement in reaction to the report:
“The energy that most effectively cuts costs, protects us from climate change, and reduces our dependence of foreign oil is the energy that’s never used in the first place. According to McKinsey’s report, energy efficiency improvements alone can reduce consumption more than 20 percent by 2020 and prevent up to 1.1 gigatons of greenhouse gases annually, helping America lead the way in averting the worst effects of climate change. The McKinsey report reveals new possibilities for energy efficiency, and will be instrumental in engaging consumers, businesses and everyone else to cut energy consumption, reduce harmful emissions, and save money on electricity. EPA will continue pioneering energy efficiency through programs like Energy Star, partnership with the Department of Energy in the National Action Plan for Energy Efficiency, and engagement in state and local climate and energy programs.”