Energy efficiency impact on greenhouse gases

Investment in energy efficiency improvements since 1990 have avoided 870 million tonnes of carbon emissions in 2014 – and a cumulative 10 billion tonnes over the last 25 years, according to a new report from the International Energy Agency (IEA).

In IEA member countries these measures have saved roughly the equivalent to current annual emissions by all IEA member countries and sliced fuel costs by $550 billion.

The agency’s Energy Efficiency Market Report 2015 shows energy efficiency to be the most effective tool to reduce energy sector carbon emissions, accounting for more than 40% of the required reductions to limit global warming to 2 degrees C.

Eenergy efficiency improvements since 1990 in IEA member countries reduced primary energy consumption in 2014 by more than 760 million tonnes of oil equivalent. Investments in energy efficiency over the past 25 years have saved IEA member countries $80 billion in fossil fuel imports, the report concludes, noting that Germany alone avoided $30 billion in energy imports last year, boosting their trade surplus by 12%.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...