Talk about flying under the radar! While the White House and Congress are in gridlock, with the legislative body doing everything they can to ensure that nothing is being done about climate change, a number of provisions that were included in the 2007 Energy and Security Act that was passed during the Bush administration are quietly being used to produce enormous energy savings for the American people.
According to a white paper by the American Council for an Energy Efficient Economy (ACEEE), actions that have already been taken, are planned, or that are now underway, could have a net present value, through 2040, of $2.6 trillion. Thatâs roughly equivalent to the entire US government tax revenue for the year 2013. It also equates to 34 billion metric tons of carbon dioxide and a reduction of energy consumption equivalent to 3.4 million barrels a day. For comparison purposes, the US has been emitting somewhere between 5 and 6 billion metric tons per year since 1990 and imports roughly 9 million barrels of oil per day. That works out to an annual reduction in emissions exceeding 20%.
These actions are being taken through various Federal agencies including DOE, EPA, Dept. of Agriculture, and Housing and Urban Development (HUD). These include appliance standards (both existing and proposed), vehicle standards (existing and proposed), power plant standard (proposed), and housing policies (existing and proposed). Results are shown for the cumulative estimated savings by 2040 in the table below.