Money Isn’t All You’re Saving
Summary
The document advocates for a transition to a clean energy economy in the United States, specifically promoting the 'Climate 2030: A National Blueprint for a Clean Energy Economy'. It argues that such a transition would generate $255 billion in net annual savings by 2030, create hundreds of thousands of jobs, and reduce reliance on foreign oil. The text compares these goals with the American Clean Energy and Security Act (ACES), noting that while ACES has minimal negative economic impact, the more comprehensive Blueprint policies offer greater benefits in terms of emissions cuts and cost savings.
Key insights
- The 'Climate 2030: A National Blueprint for a Clean Energy Economy' could result in net annual savings of $255 billion by 2030 for households, vehicle owners, businesses, and industries. This includes an average household saving of $900, with $320 coming from lower energy costs and $580 from reduced transportation expenses, while businesses could save nearly $130 billion.
- The American Clean Energy and Security Act (ACES) is projected to have minimal costs for consumers. The EPA estimates an average annual household cost of $80 to $111 through 2050, and the EIA estimates $83 per year between 2012 and 2030.
- Implementing a national renewable electricity standard requiring 25 percent renewable electricity by 2025 could create nearly 300,000 new U.S. jobs, which is three times the job creation potential of producing the same amount of electricity from natural gas and coal.
- Energy efficiency provisions within ACES are estimated to create 383,800 new jobs by 2020 and 607,200 by 2030, though higher standards and incentives could increase these figures to over 569,000 and 1 million jobs respectively.
- The Blueprint's combination of energy efficiency, transportation, and smart-growth policies could reduce U.S. petroleum consumption by 6 million barrels a day by 2030 compared to 2005 levels, an amount equivalent to current imports from OPEC.
- Economic modeling suggests the U.S. GDP will continue to grow under ACES. The EIA predicts GDP would grow about 60 percent between 2012 and 2030, with a relative decline of only 0.3 percent compared to the baseline.
Cite the original document
- APA
- Union of Concerned Scientists (2009). Money Isn’t All You’re Saving. https://www.ucs.org/sites/default/files/2019-09/clean-energy-economy.pdf
- Chicago
- Union of Concerned Scientists. Money Isn’t All You’re Saving. 2009. https://www.ucs.org/sites/default/files/2019-09/clean-energy-economy.pdf.
- Wikipedia
- {{cite report |author=Union of Concerned Scientists |title=Money Isn’t All You’re Saving |date=September 2009 |url=https://www.ucs.org/sites/default/files/2019-09/clean-energy-economy.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{unionofconcernedscientists2009money, author = {{Union of Concerned Scientists}}, title = {{Money Isn’t All You’re Saving}}, institution = {Union of Concerned Scientists}, year = {2009}, month = sep, url = {https://www.ucs.org/sites/default/files/2019-09/clean-energy-economy.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated