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A targeted investment of $50 billion a year over 10 years, the report finds, would enable the entirety of those potential savings to be realized. Those reductions in energy use would save the U.S. economy $1.2 trillion. Furthermore, those investments would generate 900,000 jobs and reduce greenhouse gas emissions by 1.1 gigatons, according to the report.
McKinsey’s research finds that a comprehensive strategy, executed at scale, could reduce the annual non-transportation end-use energy consumption analyzed in this report from 36.9 quadrillion BTUs in 2008 to 30.8 quadrillion BTUs in 2020 – saving 9.1 quadrillion BTUs relative to a business-as-usual baseline.
Unlocking Energy Efficiency in the U.S. Economy was sponsored by the U.S. Green Building Council and 11 other organizations from the government, non-governmental, and private sectors.