The Clean Power Plan released by the EPA recently can help make American businesses more efficient, competitive, and innovative. The plan will improve public health and the environment, but it can also strengthen our economy.
The Clean Power Plan proposes carbon standards for existing fossil fuel generators and aims to reduce carbon emissions from the power sector by 30 percent nationally below 2005 levels. These new standards will give businesses the certainty needed to invest in creating new approaches and technologies that will improve access to cleaner forms of power while also helping people and business owners become more energy efficient.
Demand-side management programs are the most cost-effective way for states and regional groups to meet the Clean Power Plan’s compliance goals. These programs encourage utility customers to be more energy efficient by providing technical assistance and financial incentives to make energy efficiency improvements at their homes and businesses.
Energy efficiency improvements lead to lower energy bills for customers and create jobs for contractors, installers, and manufacturers. Indeed, twenty-five states already have the necessary infrastructure in place to establish these programs and many utilities currently offer demand-side management programs to their customers.