To: Energy Committee
This report identifies the funding allocated by state for energy efficiency in the Cap and Trade Bill (ACES). They estimate that West Virginia would get over $2.7 billion for energy efficiency during the 2012 to 2019 period. This would create an estimated 24,000 jobs. And since each dollar spent on energy efficiency generates three dollars n savings for the consumer, that means the bill saves consumers in West Virginia an estimated $8 billion dollars!!!!!
We need to get this story our there. How do we do it?
JBK
Ned Ford Ned.Ford@FUSE.NET 8/6/2009 1:52 AM >>>
A group called Environment Northeast has developed an analysis of the ASES (climate) legislation which passed the House on Micheal Jackson/Farrah Fawcett day (June 25th). The allocation of allowances to the states for different purposes identifies four areas in which funding will be provided, in hundreds of millions of dollars, to billions of dollars, depending on formulae in the bill. The majority of this money will save three dollars for each dollar spent.
Those of you who are meeting with Senators and staff may want to be familiar with this or present the report. It is a huge amount of money.
http://www.env-ne.org/resources/open/p/id/895. Both funding levels and estimates of benefits are included.
- Ned
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