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Climate and Energy Bill Could Save Thousands of Dollars Per Household
A preliminary analysis by the American Council for an Energy-Efficient Economy indicates that the American Clean Energy and Security Act could help save approximately $3,900 per household and generate scores of new jobs by 2030 by mandating more efficient energy production and usage.
According to the ACEEE, the savings that result from more efficient energy use will be reinvested locally, which will generate economic activity and produce about 650,000 jobs over the next 21 years. The transitional costs of cap-and-trade legislation will be mitigated by energy companies' efficiency investments, which will in turn help American consumers save money.