A diverse coalition of nearly 200 business, labor, civil rights, and environmental groups have sent a letter to Sen. Barbara Boxer (D-CA), chair of the Environment and Public Works Committee (EPW) urging her to support an important energy-efficiency provision that would:
What is this magical provision? As the letter explains:
We are writing to request that the climate bill require an investment in energy efficiency equivalent to at least 1/3 of the value of the total allowance allocation given to electric utilities. Such an efficiency investment will create hundreds of thousands of new jobs retrofitting millions of buildings nationwide, and benefit consumers by lowering electricity costs by billions of dollars, as residential, commercial, and industrial consumers typically save in the range of $2 to $4 for every $1 invested in energy efficiency. It would also help decrease greenhouse gas emissions and thus reduce the market clearing price of carbon.
Following is a joint statement from the broad-based coalition:
“We believe that the adoption of an additional electric utility, energy-efficiency measure in the Clean Energy Jobs and American Power Act will reap tremendous benefits for our economy and consumers.
Energy efficiency is the fastest, cheapest and cleanest way to reduce our carbon pollution. We urge the Environment and Public Works Committee to act now by adopting this provision to create jobs, reduce pollution, and save consumers and businesses money.”
For more on benefits of efficiency in the climate bill, see:
This piece originally appeared on Climate Progress.
Image Credit: Campus Progress via Flickr, Creative Commons License