New study predicts big benefits from energy savings

The U.S. Green Building Council has released a study that states with changes to building efficiency, Americans will see an increase in jobs and decrease in greenhouse gasses.

07/31/2009


A new study released by research group McKinsey and Co. and sponsored by a variety of public and private organizations such as the U.S. Green Building Council states that changes in building efficiency and other non-transportation initiatives could reduce the America's energy consumption by 23% by 2020. The changes would generate approximately 900,000 jobs, save the U.S. economy $1.2 trillion, and reduce greenhouse gas emissions by 1.1 gigatons/year, according to the Seattle Post-Intelligencer .

To reach those savings, the country must spend nearly $50 million/year over the next decade to update commercial buildings and homes to reach maximum energy savings. The majority of savings will take place at industrial facilities (40% end-use energy efficiency potential), with residential (35%), and commercial (25%) also taking a huge role.

"Green building can stimulate the economy at a level one and a half times larger than the federal stimulus bill," said Rick Fedrizzi, the president and CEO of the USGBC. "In terms of climate change, a commitment to energy efficiency would be the equivalent to taking the entire U.S. fleet of passenger cars and light trucks-more than 200 million vehicles-off the road."





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Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

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