Dive Summary:
- If utilities want to see the U.S. economy boom again, simply advance the energy efficiency movement.
- A 30% improvement in U.S. building efficiency by 2030 would create a $275 billion market for advanced tech, engineering, design and construction in the U.S. alone -- John Mandyck, chief sustainability officer at UTC Climate, Controls & Security, told the D.C. Energy Efficiency Global Forum on Wednesday.
- The energy savings would generate $34 billion annually for American businesses that can go to hiring more employees, investing in research and development, and expanding production.
From the article:
"The first step in improving energy efficiency in buildings is letting building owners, tenants and investors know the scale of the opportunity at hand. Americans spent an estimated $432 billion to power their homes, stores and offices in 2011. That's on par with what U.S. businesses spend on employee health insurance and more than they pay in payroll taxes," Mandyck said."