An alliance of U.S. home appliance manufacturers, energy and water efficiency organizations, consumer groups and environmental organizations have agreed to improved efficiency standards and tax policies for refrigerators, freezers, clothes washers, clothes dryers, dishwashers and room air conditioners. The agreement could save enough energy to meet the total energy needs of 40 percent of American homes for one year and the amount of water necessary to meet the current water needs of every customer in the City of Los Angeles for 25 years, the partners believe. Further, global warming CO2 will be reduced by 550 million metric tons over the same time period, without considering the emissions reductions from smart appliances. The partners have called for new national minimum efficiency standards, production tax credits for super-efficient appliances, and the inclusion of smart grid readiness as a feature of future ENERGY STAR qualified appliances.