Job Analysis of U.S. Energy Legislation

The American Council for an Energy Efficient Economy (ACEEE) released a September White Paper which assesses the job creation potential of the U.S. Energy Savings and Industrial Competitiveness Act (Bill S.1392) – also known as the Shaheen-Portman Bill. The bi-partisan bill includes provisions to strengthen building codes and train workers in energy efficient building technologies, and has the support of the U.S. National Association of Manufacturers. The ACEEE report finds that increased energy efficiency would create savings for industrial, commercial and residential users, which would translate into increased consumer spending. The authors forecast that the economy would be stimulated to support over 152,000 new jobs in 2025, increasing to 174,000 jobs by 2030.Unfortunately, debate on the bill during the week of September 16th was stalemated by Republican manoeuvres to delay implementation of ObamaCare, and passage is threatened.

LINKS

Economic Impacts of the Energy Efficiency Provisions in the Energy Savings & Industrial Competitiveness Act of 2013 and Select Amendmentsis at: http://aceee.org/files/pdf/white-paper/shaheen-portman-2013.pdf

Energy Savings and Industrial Competitiveness Act (Bill S.1392) is available at:

http://beta.congress.gov/bill/113th/senate-bill/1392

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