Tuesday, October 20, 2015

Energy efficiency improvements over the last 25 years saved globally a cumulative $5.7 trillion

IEA's Energy Efficiency Market Report 2015  shows that in 2014, investments in energy efficiency over the past 25 years saved IEA member countries $80 billion in fossil fuel imports. According to the report, energy efficiency improvements since 1990 in IEA member countries reduced primary energy consumption in 2014 by more than 760 million tonnes of oil equivalent. 
Energy intensity, or the amount of energy required to produce gross domestic product, improved by 2.3 per cent in 2014 in OECD countries, very close to the United Nations Sustainable Energy for All target of 2.6 per cent per year to stop global temperature rise. The pace of efficiency improvements is raising optimism around the feasibility of a transition to an energy system in line with limiting warming to 2 degrees.  Read more at http://www.ngrguardiannews.com/