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Making major gains in energy efficiency is one of the most economical and effective ways our nation can wean itself off its dependence on foreign oil and reduce its emissions of greenhouse gases. Transportation and buildings, which account for two thirds of American energy usage, consume far more than they need to, but even though there are many affordable energy efficient technologies that can save consumers money, market imperfections inhibit their adoption. To overcome the barriers, the federal government must adopt policies that will transform the investments into economic and societal benefit. And the federal government must invest in research and development programs that target energy efficiency. Energy efficiency is one of America's great hidden energy reserves. We should begin tapping it now. Whether you want the United States to achieve greater energy security by weaning itself off foreign oil, sustain strong economic growth in the face of worldwide competition or reduce global warming by decreasing carbon emissions, energy efficiency is where you need to start. Thirty-five years ago the U.S. adopted national strategies, implemented policies and developed technologies that significantly improved energy efficiency. More than three decades have passed since then, and science and technology have progressed considerably, butmore » U.S. energy policy has not. It is time to revisit the issue. In this report we examine the scientific and technological opportunities and policy actions that can make the United States more energy efficient, increase its security and reduce its impact on global warming. We believe the findings and recommendations will help Congress and the next administration to realize these goals. Our focus is on the transportation and buildings sectors of the economy. The opportunities are huge and the costs are small.« less

How America can look within to achieve energy security and reduce global warming