Report: Energy efficiency could greatly improve global economy

According to a new report, the entire global economy would greatly benefit from advanced policies regarding energy consumption and efficiency. An analysis released earlier this week from the World Bank and ClimateWorks Foundation, government policies improving both energy efficiency and public transportation could increase overall economic output by as much as $2.6 trillion each year.

The report from these two organizations focused on only a handful of fully developed nations around the world – the United States, China, India, Mexico, Brazil and the European Union. Because these countries consume a large percentage of the world's power, researchers wanting to examine what the benefits would be of massive changes in climate and other energy related laws and policies.

In addition to the major economic advantages that these clean energy policies would offer – increasing the global GDP anywhere from $1.8 to $2.6 trillion annually by the year 2030 – these laws would also have major health benefits for people around the world. According to the report, as many as 94,000 premature deaths from pollution related diseases could be stopped each year.

By the year 2030, with aggressive energy-efficient laws put into place, the amount of greenhouse gases that would not be released into the atmosphere would be equivalent to taking over 2 billion cars off the road. Implemented policies would be able to take President's Obama current goal of reducing carbon emissions by 30 percent by the year 2030 and apply them to a global scale.

According to numbers from the World Bank, global climate change has resulted in $200 billion lost over the course of the last decade due to extreme weather-related incidents.

If you are a Virginia resident and you want to improve the energy efficiency of your home, be sure to schedule an appointment with R&J Tinting for our Leesburg window tinting services.