31 Jul '18, 1pm

Appliance Standards: A Powerful Job Engine

Federal energy efficiency standards for appliances, electronics, and other equipment are known to save energy, cut utility bills, and reduce harmful pollution. But something that isn’t widely known is that they’ve led to hundreds of thousands of jobs, providing economic benefits to every state, red and blue alike. A new report spotlights the significant economic benefits of the standards program. Standards have direct job impacts in terms of the manufacturing and installation of more efficient appliances or equipment, but their main job creation effect is from the money consumers don’t have to spend on their utility bills and can spend on other things instead. The savings is reinvested in the economy, which has resulted in nearly 300,000 jobs created since the national standards program began in 1987. That number is projected to nearly double to more than 550,000 in 2030, ...

Full article: https://www.nrdc.org/experts/lauren-urbanek/appliance-sta...

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