2017 Is Looking Like a Good Year for Energy Efficiency as Investments Grow

As the new year begins, we expect 2017 will bring increased investments in energy efficiency and other efforts to save energy. The energy efficiency investment picture indicates that savings will continue to grow. Spending on energy-efficient goods and services as well as employment in energy efficiency jobs has increased in recent years, and these trends will likely continue. The International Energy Agency estimates that energy efficiency spending increased about 6% from 2014 to 2015, with 2015 spending totaling about $221 billion in major economies throughout the world (2016 figures not yet available). Similarly for the United States, BW Research in a report for the Department of Energy, found that 1.9 million Americans work full- or part-time energy efficiency jobs and that companies planned to hire another 260,000 energy efficiency workers in 2016. This job growth is spurred by a growing private sector focus on energy efficiency and strong policies, particularly at the state and local levels.

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