Memo to U.S.: Invest $520 Billion, Save $1.2 Trillion

That’s the kind of return on investment that Bernie Madoff was promising investors. Except that this is not a Ponzi scheme.

This is the potential savings over 10 years for the United States. And it could be realized from things like home weatherization and the installation of more energy-efficient heating and cooling equipment in homes and businesses

A new report prepared by the consulting firm McKinsey & Company released today in Washington, enumerates the potential benefits as well as the difficulties that may prevent us from reaching that target.

Here are two takes on the new report. One from the New York Times and the other from CNET’s Green Tech Section.

This makes a lot of political, strategic and economic sense. Unfortunately, Washington understands only one of those terms.

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