IEA publishes medium term energy efficiency market report

With less fanfare than for the launch of the IEA’s renewable energy market report, its 2015 report on energy efficiency markets was published this week. Unlike the renewable energy report, this one for energy efficiency is free as a COP21 special offer.

Joshua S Hill reviews the report on the CleanTechnica website.

 

Energy Efficiency Improvements Avoided 870 Million Tonnes Of CO2 In 2014

A new report from the International Energy Agency has concluded that energy efficiency improvements since 1990 helped avoid 870 million tonnes of CO2 emissions in 2014.

According to the International Energy Agency’s (IEA) Energy Efficiency Market Report 2015, over two decades of energy efficiency improvements throughout IEA-member countries contributed to a cumulative 10 billion tonnes of carbon dioxide emissions avoided over these last 25 years, which is roughly equivalent to annual emissions by all IEA member countries.

“Per capita energy consumption in IEA countries has dropped to levels not seen since the 1980s yet income per capita has never been higher,” write the authors of the report, released this week. “Energy efficiency improvements over the last 25 years are the primary reason for this uncoupling of energy consumption and economic growth, and have enabled consumers in IEA countries to spend USD 5.7 trillion less on energy, while enjoying higher levels of energy service.”

Specifically, energy intensity throughout the OECD member-states improved by 2.3% in 2014, with energy consumption reaching its lowest levels since 2000, while GDP grew by $8.5 trillion, an increase of 26%.

The report goes a long way to backing up IEA’s analysis that energy efficiency improvements are the most effective tool to reduce energy sector carbon emissions, with the IEA suggesting that such improvements account for more than 40% of the required reductions to limit global warming to 2 degrees.

The IEA points out that energy efficiency investments in IEA countries since 1990 generated 520 Mtoe of avoided total final consumption (TFC) in 2014, which is larger than the larger annual TFC of Japan and Korea combined.

The full report is publicly available on the IEA website.

3 thoughts on “IEA publishes medium term energy efficiency market report

  1. I look forward to details of this IEA Report appearing upon the websites of every energy generation company. This will.demonstrate clearly their acknowledgment that energy efficiency is definitely the First Fuel.
    Well, I can dream, can’t I?

    • You are definitely entitled to dream. If they were smart and really looking at the long-term, they would definitely have it on their websites and, more importantly, discussed in their board rooms.

      • Putting energy saving progress on the website would at least be a public acknowledgment. In private in the boardroom, they can still plot how to encourage profligacy.

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