Lesson 3: “What Have We Learned” – Dominique Wells

What types of policies on the part of government could promote energy efficiency?

The Executive Office and the US federal government could promote energy efficiency by amending the Energy Policy Act of 2005 (EPAct) to remove the incentives and loopholes provided to the oil and gas producers specifically favoring hydraulic fracturing (fracking). The fracking process, although lucrative to the production companies, has cause extensive damage to the environment and human health. The amendment would redirect funds to provide less support to fossil fuels and more support toward renewable projects in all areas providing tax credits, grants, and other incentives. A change like this will show the Nation where Congress and the administration’s priorities lie, promote new investment in green research, technology development, and efficient production of renewable resources. This “amendment” could also provide similar incentives to all business who confirm implementation of sustainable values that successfully contribute to the Nations goal. Change on the federal level would force change of energy laws on state levels

How would you develop a business that has the potential to move this idea forward?

Addressing the area regarding incentives to businesses with sustainable values, a new division of consulting firms could aid the process of moving this idea forward. Green consultants could offer a full analysis service regarding the energy efficiency (or lack of) to new and existing companies of all scales in order for them to transition their company toward sustainable habits spanning from records management, office structure, supplies/materials, building structure, etc. With a major change in policy, consulting firms regarding energy efficiency have an opportunity to have extensive expansion given companies need to capitalize on government incentives.

One thought on “Lesson 3: “What Have We Learned” – Dominique Wells

  1. I really like your idea about removing the ‘perks’ to fossil fuels. My idea was to incorporate new regulations and standards to what is expected in the way of energy efficiency. But I think your idea is extremely important because without incentive, it is unlikely that anyone will be willing to make this move over. I believe your idea is a great starting point for policy.
    I also agree that consulting is a great way to begin steering businesses in the right direction. It is important that there be guidelines on what “direction” everyone needs to go.

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