Related Articles
Energy intensity is expected to fall by 1.9pc this year
IEA Net zero Decarbonisation
Tom Young
17 November 2021
Forward article link
Share PDF with colleagues

More work needed on energy efficiency – IEA

Improvement rate must double for net zero to be feasible, agency says

The rate of improvement in energy efficiency gains must double from current levels to be on a pathway consistent with reaching net-zero emissions by 2050, according to the IEA’s Energy Efficiency 2021 report. Energy intensity—a measure of the global economy’s energy efficiency—is expected to fall by 1.9pc this year, after falling by only 0.5pc in 2020. But this is still well below the 4pc annual fall required every year up to 2030 in the IEA’s net-zero emissions scenario. Government policies are expected to help energy efficiency investments rise by 10pc in 2021, to almost $300bn. However, overall annual investment would need to triple by 2030 to be consistent with levels foreseen in the

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Turbine manufacturers post major losses
26 January 2022
GE and Siemens Gamesa Renewable Energy have announced multimillion-dollar losses over 2021 and the past quarter, while Vestas posts cautious 2022 guidance
New EIB-backed energy efficiency fund to tackle ‘huge underinvestment’
26 January 2022
Solas Sustainable Energy Fund to support energy efficiency projects mainly in Germany, Spain and Ireland and is aimed at small-to-mid-size insurers and pension funds
Crediting emissions saved in plugging oil and gas wells
Opinion
26 January 2022
Avoided emissions could be credited as carbon offsets and sold on exchanges
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video