Moniz reminded the audience of President Obama’s call to double energy productivity by 2030 and the president’s “Race to the Top” program, which encourages states to become more energy efficient.
Moniz also pointed to the strong interest among members of Congress in passing the bipartisan Energy Savings and Industrial Competitiveness Act, S.176, introduced by Sens. Jeanne Shaheen (D-NH) and Rob Portman (R-OH).
The bill, which ACC strongly supports, would help encourage energy efficiency in the residential, commercial and industrial sectors.
S.176 sails through committee
Last month, the bipartisan S.176 passed the U.S. Senate Committee on Energy and Natural Resources with a vote of 19-3.
“At a time when bipartisan agreement is unfortunately hard to come by, it is clear that energy efficiency is one area where we can all find common ground,” Sens. Portman and Shaheen said in a joint statement about the committee passage.
In Senator Portman’s home state of Ohio, the benefits of this bill have not gone unnoticed.
Jack Pounds, president of the Ohio Chemistry Technology Council, penned an op-ed in Columbus Business First explaining that energy efficiency is critical to the long-term viability of manufacturers and said the Shaheen-Portman bill would help American companies and the economy:
In today’s highly competitive global marketplace, being energy-efficient at our manufacturing plants helps reduce costs and maintain our U.S. production and jobs.
We couldn’t agree more. Chemistry is creating solutions that empower Americans to improve energy efficiency, making our nation’s energy supplies go further while lowering energy costs for business and families. Nearly every energy-saving technology depends on innovations in chemistry.
The products of chemistry save up to 11.1 percent of total U.S. energy consumption, according to an ACC study – enough to power, light, heat and cool up to 56 million homes or power 135 million vehicles annually. These chemistry products and technologies save Americans up to $85 billion every year.