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Lost Savings from Delay on New Energy-Saving Standards Equals $3.7 Billion

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NEWS RELEASE

 

Press contacts:

Patrick Kiker, ACEEE, 202.507.4043, [email protected]

Andrew deLaski, ASAP, 617.515.7755, [email protected]

 

Lost Savings from Obama’s Delay on New Energy-Saving Standards Is $3.7 Billion and Counting

Over the past two years, the administration has missed deadline after deadline for completing new or updated standards for products ranging from microwave ovens to commercial refrigerators to industrial motors. These delays impose a steep cost.

 

In a new analysis completed this week by ASAP and ACEEE, we found that the delays to date for eight overdue standards will result in about 40 million metric tons of excess carbon dioxide emissions. Consumers and businesses will also lose—about $3.7 billion so far.

 

Our analysis shows that each additional month of delay means consumers and businesses will lose another $300 million in savings and another 4.4 million metric tons of CO2 will be loaded into the atmosphere. Based on EPA’s climate change calculator, that’s like needlessly burning 19,000 rail cars of coal each month…

 

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The American Council for an Energy-Efficient Economy acts as a catalyst to advance energy efficiency policies, programs, technologies, investments, and behaviors. For information about ACEEE and its programs, publications, and conferences, visit aceee.org.

 

The Appliance Standards Awareness Project (ASAP) is dedicated to increasing awareness of and support for cost-effective appliance and equipment efficiency standards. Founded in 1999, ASAP is led by a steering committee that includes representatives from the environmental community, consumer groups, utilities, and state government.

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