Unlocking Energy Efficiency in the U.S. Economy
Author
H.C. Granade, J.Creyts, A.Derkach et al.
Source
McKinsey Global Energy and Materials
Category
Environment/Climate Change
In this report, McKinsey & Company offers a
detailed analysis of the magnitude of the efficiency potential in
non-transportation uses of energy, a thorough assessment of the
barriers that impede the capture of greater efficiency, and an outline
of the practical solutions available to unlock the potential.
Five observations will be relevant to
a national debate about how best to pursue energy efficiency
opportunities of the magnitude identified and within the timeframe
considered in this report. Specifically, an overarching strategy would
need to:
- Recognize
energy efficiency as an important energy resource that can help meet
future energy needs while the nation concurrently develops new no- and
low-carbon energy sources
-
Formulate and launch at both national and regional levels an integrated
portfolio of proven, piloted, and emerging approaches to unlock the
full potential of energy efficiency
Identify methods to provide the significant upfront funding required by any plan to capture energy efficiency
-
Identify methods to provide the significant upfront funding required by any plan to capture energy efficiency
-
Forge greater alignment between utilities, regulators, government agencies, manufacturers, and energy consumers
-
Foster innovation in the development and deployment of next-generation
energy efficiency technologies to ensure ongoing productivity gains.
