17 April 2018: According to a report released by the International Energy Agency (IEA), energy efficiency measures could deliver more than a third of the cumulative reductions of GHG emissions necessary to meet the objectives of the Paris Agreement on climate change. Achieving these savings requires new policies and investments of US$1.7 trillion in energy efficiency and electrification of transport, the authors find.
Energy efficiency is a key component of the energy transition necessary to reduce energy-related emissions while responding to rising global energy demand due to economic growth and a growing global population. To increase understanding of the policies and investments required to achieve necessary improvements, the IEA’s report titled, ‘Perspectives for the Energy Transition: The Role of Energy Efficiency,’ analyzes the role of energy efficiency measures in three of IEA’s standard policy scenarios.
These scenarios include: the New Policies Scenario, which analyzes the impacts of existing polic
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