Funding from public and private sources for improving energy efficiency in the US industrial sector topped $1 billion in 2010, with states and utilities providing most of the money, according to a report by the American Council for an Energy‐Efficient Economy.
The report, “Money Well Spent: Industrial Energy Efficiency Program Spending in 2010,” said industry likely will remain a “cost‐effective target” for future energy efficiency funding.
Of any state, New York was the biggest energy efficiency spender in 2010, having invested over $193 million invested in energy efficiency programs.
The report said wide‐scale energy efficiency improvements are preferable to the construction of new power plants because efficiency improvements can be installed faster than traditional energy generation with readily available technology.
The report is available here. (PDF)
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