Skip to main Content

Investments in energy efficiency can create 1.5 million jobs in America by 2030

Date
23 September 2013
Investments in energy efficiency can create 1.5 million jobs in America by 2030

NEW YORK: Greater energy efficiency investments in the US can create 750,000 jobs by 2020 and up to 1.5 million jobs by 2030, according to a report published by Philips and Ecofys today.

Launched during the Opening Ceremony of Climate Week NYC by Harry Verhaar, Senior Director Energy & Climate Change at Philips Lighting, 'The benefits of energy efficiency -- why wait?', analyzes the economic benefits of energy efficiency in America. 

Highlights from the report include the following:

  • an energy efficiency achievement of 3% per year (up from the current of 1% per year) would reduce fuel bills in the US by US$300 per year in 2020, and US$550 billion by 2030
  • greater energy efficiency investments will also save on capital cost, where the 2% improved electricity saves US$900 billion by 2030 in power production costs
  • investments in energy efficiency can create 750,000 jobs by 2020, and up to 1.5 million jobs by 2030

Head of Global Public & Government Affairs at Philips Lighting, Harry Verhaar commented: "According to this Philips-Ecofys report, brought together for Climate Week NYC 2013, energy efficiency could reduce fuel energy bills in the US by $550 billion and create one million jobs by 2030."

He added: "LED lighting has a leading part to play in this energy efficiency push; full deployment of LEDs in the US could reduce electricity demand by the equivalent of 100 medium-sized power plants, while at the same time making our buildings and cities more attractive places to live, work and play."

Read the report now

Related news:

Live Twitter Q&A with Harry Verhaar, Senior Director Energy & Climate Change, Philips

Jim Kim, Todd Stern, Tony Blair, Richard Branson and industry leaders open Climate Week NYC, call for urgent action

Sustainability experts from Nike, Facebook, HP, IKEA to speak on low carbon innovation: ask them Qs on Twitter

Latest from Twitter