A global effort to deploy the right energy efficiency policies could, on its own, see greenhouse gas emissions peak quickly and then fall even as the global economy doubles between now and 2040, the IEA’s analysis on energy efficiency said on Friday.
The ‘Energy Efficiency 2018’ report examines the opportunities for improving global energy efficiency to 2040, and finds that efficiency gains alone could allow the world to extract twice as much economic value from the energy it uses compared to today.
Doing so would reduce energy bills for consumers by more than $500 billion dollars per year, lower energy imports and cut air pollution in cities — a key issue for many countries, said the International Energy Agency (IEA).
The report sets out a vision for 2040 with 60 per cent more building space and 20 per cent more people, and double global GDP, while using only marginally more energy than today and cutting greenhouse gas emissions by 12 per cent. Read More