The report, ‘The Macroeconomic Benefits of Energy efficiency: The case for public action’ by E3G, an independent not-for-profit organisation in the UK, argues the current UK and wider European focus on austerity combined with structural reforms will not be enough to drive economic recovery in the short term. A second round of stimulus packages looks increasingly vital to driving growth.
However, to be justifiable in a time of limited public funds, a stimulus effort must focus on investments that are most resilient to economic shocks and provide a strong foundation for future productivity and growth. An energy efficiency stimulus is a strong candidate on both counts. It provides a ‘hedge’ against fossil fuel price spikes, delivers increased energy security, cuts carbon emissions and creates jobs that can utilize spare labour capacity.
Ingrid Holmes, lead author of the report, said at the launch: “Energy efficiency is a good investment that is hard to deliver. The issues are less with financing and more about creating a pipeline of attractive projects. To be successful in creating that pipeline, Governments will need to give energy efficiency the same focus as other critical national infrastructure”.
The report is available on the E3G website.
Energy in Demand - Sustainable Energy - Rod Janssen 
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