Energy Efficiency: World Economies are Making Progress
Here’s some good news in the energy department: the world’s economies did better at energy efficiency last year, according to a new report by the International Energy Agency. Energy intensity—the amount of energy used per unit of GDP—improved by 1.8% in 2015, more than the 1.5% gain in 2014, and triple the average rate seen over the past decade. Global efficiency standards now cover 30% of energy use, up from 11% in 2000. What do all these numbers add up to at the bottom line? IEA countries saved $540 billion in costs in 2015 as a result of energy efficiency improvements. Energy efficiency is key to making major progress on carbon emissions reduction goals—it’s good to know the needle is moving in the right direction.
John Howell, Editorial Director