Energy in Demand News, December 22, 2024

The biodiversity hit to economies is estimated at up to US$25 trillion a year, according to The Financial Times (behind a paywall). This is equivalent to one-quarter of global GDP lost annually because industries fail to factor in the damage their operations cause across systems. “Tackling biodiversity loss, climate change, water scarcity, food insecurity and … Continue reading Energy in Demand News, December 22, 2024

New EEA briefing benefits from extending product lifespans

Extending product lifespans helps reduce demand for new products and their related environmental impacts. This briefing aims to improve our understanding and provide novel insights on trends in product lifespans in Europe. This assessment is based on seven indicators developed specifically for the EEA’s Circularity Metrics Lab’s thematic module on product lifespans.   Product lifespans — monitoring trends … Continue reading New EEA briefing benefits from extending product lifespans

Energy in Demand News, December 15, 2024

BP and Shell are scaling back electricity ambitions to escape the ‘valley of death,’ according to the Financial Times website (behind a paywall). Over the past five years, the two companies had spent a combined US$18 billion to be major players in electricity. But now Shell has sold its retail electricity business in Germany, the … Continue reading Energy in Demand News, December 15, 2024

One major bank in UK will factor in energy performance certificate ratings when deciding how much to lend to borrowers from this week

Emily Braeger writes on the iNews website about a change in lending policy from one of the major lenders in Britain. Those buying the most energy-efficient homes will be able to borrow slightly more than they would if their home had an average rating. Halifax also says those buying the least efficient properties will be … Continue reading One major bank in UK will factor in energy performance certificate ratings when deciding how much to lend to borrowers from this week

Energy in Demand News, December 8, 2024

How many times have we heard President-elect Donald Trump say: “We will drill, baby, drill.” It’s not clear that producers will fall in line. For the past six years, the US has already been the world’s largest producer of oil and natural gas, according to the Department of Energy’s Energy Information Administration, and produces about … Continue reading Energy in Demand News, December 8, 2024

New white paper on lessons learned from Danish experience to electrify industrial sites in the US

This white paper by the American Council for an Energy-Efficient Economy presents findings and how to apply lessons learned from a June 2024 study trip to industrial electrification sites in Denmark.  The authors of the white paper are Andrew Hoffmeiser, Richard Hart and Hellen Chen.   Electrification of U.S. Industry: Applying Lessons from Denmark Key … Continue reading New white paper on lessons learned from Danish experience to electrify industrial sites in the US

AI as a crucial tool in helping those in the energy industry navigate this deeply complex transition

This week, IEA organised a conference on AI and we hope to hear some of the results in coming days. In advance, we have an article on the Power Magazine website, Ray Rasmussen, managing principal of rGen Consulting, argues that embracing AI is not just an option but a necessity for a sustainable and efficient … Continue reading AI as a crucial tool in helping those in the energy industry navigate this deeply complex transition

New report on Energy as a Service

Research and Markets has published its new report on Energy as a Service. The global EaaS market is set to reach $115 billion by 2030, driven by sustainability goals, technological advancements, and customer-centric solutions. The "Energy as a Service Market Size and Forecast 2020-2030: Global and Regional Share, Trends, and Growth Opportunity Analysis by Service … Continue reading New report on Energy as a Service

Energy in Demand News, December 1, 2024

The New York Times (behind a paywall) wrote: “Five dry words — ‘transitioning away from fossil fuels’ — led to a bitter diplomatic spat Tuesday. . . . A handful of petrostates, led by Saudi Arabia and Russia, ensured that a United Nations General Assembly resolution on climate change steered clear of such language, despite … Continue reading Energy in Demand News, December 1, 2024

Europe’s building sector off track: social, economic and climate targets at risk

The third edition of the EU Buildings Climate Tracker published this week by the Buildings Performance Institute Europe (BPIE) confirms that the EU is missing opportunities to increase energy security and reduce heating costs. It is definitely not on track to achieve its climate targets. Progress on decarbonisation has stalled, with the gap more than … Continue reading Europe’s building sector off track: social, economic and climate targets at risk