Energy efficiency can have a positive impact on the environment, the economy, and human health. As an example, improved energy efficiency can decrease air pollution. It can also lower the risk of mold and other indoor pollutants. In addition, increased energy efficiency improves the comfort of buildings.
As an example, a typical LED light bulb can reduce electricity usage by 75%. Additionally, plug-in hybrids and all-electric cars are increasing in popularity. This reduces emissions, increases fuel savings, and creates new jobs.
For every one dollar of investment in energy efficiency, the SEEA found that a full-time job was created. This is a great way to increase job creation and support local communities.
The benefits of energy efficiency include reduced demand, which can delay or avoid traditional infrastructure investments. Reducing demand also makes the grid more resilient.
By investing in energy efficiency, electric utilities and the government can save money on energy costs. These savings can be used to offset the cost of energy efficiency measures. They can also provide an implicit return on the initial price premium.
Increasing awareness of energy efficiency is a good step toward improving the environment and saving the planet. Energy efficiency projects are often more cost effective than building new power plants.
There are a variety of industrial energy efficiency opportunities. These depend on the specific energy services and technologies used at each industrial facility.
Investing in energy efficiency can bring cost-effective technologies to underserved communities. Combined with increased productivity, this can create a cascade of benefits for local economies.