US can cut building emissions by up to 91%, saving $100 billion per year in energy-related costs, modeling study shows
The US has committed to reaching net-zero emissions by 2050. To accomplish this goal, large cuts in emissions are necessary, especially in high-emission sectors like the building industry. Researchers use a computational model to analyze several scenarios of future building energy use in the US. They find that by tackling emissions on multiple fronts and placing focus on ‘demand-side measures’ that affect how power is drawn from the grid, such as technologies like electric heat pumps and smart thermostats, the US can achieve its climate goals, decrease building emissions by 91% from their 2005 peak, and save over $100 billion each year on energy costs.
Related Knowledge Center: ENERGY BASICS: energy efficiency
The energy price spikes of the 1970s drove consumers, businesses and government to calculate opportunities for energy efficiency — investments, practices, and regulations to avoid some of the energy costs associated with particular products or services. Those calculations ran counter to a lot of engrained practices, and the friction between business and government is a feature of energy and environment policy discussions. Now, energy efficiency decisions — whether involving building practices, appliance efficiency, or vehicle mileage and emissions standards — are a complex mix of government regulation and market behavior.
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