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Climate Action PlanBenefits of Taking Action NowHealth of the Community
Economic and Technological AdvantagesEnergy efficiency measures, alternative forms of transportation, and reduced waste will also save a substantial amount of money. Some measures may require initial investment costs, but will eventually lead to significant financial savings. Investment in energy efficiency can quickly pay for itself and provides a strong return on investment. The saved money in turn can be reinvested in the community, stimulating economic development and job creation.For example, a business that cuts its annual energy bill of $5,000 by 20% frees up $1,000 that can be reinvested towards expanding the business or hiring additional employees. The same principle applies to local government, which can spend the money saved on energy on other community needs.Energy efficiency generates more local economic activity than purchases of foreign petroleum or natural gas. The reason for this is that, for the most part, the production of gasoline and the generation of electricity occur outside the local community, often even outside the state or the country, whereas most expenditures related to energy efficiency, such as hiring contractors or purchasing insulation and lighting, occur within the local economy. In effect, energy efficiency and alternative transportation measures help to keep more money in the local community, by reducing dependence on outside sources of energy.Healthy Environment for Future Generations
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