NYTimes.com: The biggest opportunity to improve the nation's energy situation is a major investment program to make homes and businesses more efficient, according to a study released by the consulting firm McKinsey. An investment of $520 billion in improvements like sealing ducts and replacing inefficient appliances could produce $1.2 trillion in savings on energy bills through 2020, the study found.
The report said such a program, if carried out over the next decade, could cut the country's projected energy use in 2020 by about 23 %, a savings that would be "greater than the total of energy consumption of Canada."
One trillion dollars in savings over 30 years is now seemingly insignificant! Our government gave TRILLIONS of dollars to prevent the recent collapse of the financial system etc. It makes me ask whether a savings of one trillion dollars is enough to make change in this country.
I think that the incentive going forward will need to be a savings felt by consumers. Talk dollars PER DAY or week or month - in the NEAR TERM not decades off.
Ken S