McKinsey Report: $170 billion until 2020 to cool the planet

Tue, 2008-08-05 16:19Emily Murgatroyd
Emily Murgatroyd's picture

McKinsey Report: $170 billion until 2020 to cool the planet

The McKinsey Institute has released a new report finding that a $170 billion annual investment from now to 2020 could cut projected global energy demand in half and also get us halfway to solving the climate crisis. 

Here's the kicker, on top going a long ways to reducing greenhouse gas emissions, the overall savings would from reduced energy use would be $900 billion by 2020 and none of the energy efficiency measures would require compromising the consumer’s comfort or convenience. And all this could be done with existing energy efficiency technology. 

The McKinsey Report suggests three main areas need to be targeted for energy efficiency

1. Set energy efficiency standards for appliances and equipment

2. Finance energy efficiency upgrades in new buildings and in remodels

3. Raise corporate standards for energy efficiency

Sounds simple. Let's get started today.

Comments

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Many people are seeking for ways on how to save money during these tough economic times, that’s why some of the people are choosing the products that are less expensive. But, still, we have to be careful in choosing; we must choose those products which are affordable yet with best quality. Nowadays, we are bombarded by the issues which threaten our safety. Maytag Corporation has voluntarily recalled 1.6 million refrigerators due to electrical problem that could create a fire hazard. If you have one of the recalled units and there have been any ill effects from the unit, you are urged not to call the store you bought it from, but instead call the manufacturer directly, as they are offering free in-home repair related to the defective units.  Not having a defective product would be ideal, but <a rev=”vote-for” href=”http://personalmoneystore.com/moneyblog/2009/03/10/maytag-refrigerator-recall/“>Maytag</a> is being very generous about things.

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