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Search resuls for: "Energy Efficiency Movement"


2 mentions found


☆ Energy efficiency could offer major climate wins. But what is it?
  + stars: | 2023-12-05 | by ( Gloria Dickie | Thomson Reuters | Gloria Dickie Reports On Climate | ) www.reuters.com   time to read: +5 min
At least 118 countries at the COP28 climate summit in Dubai have backed a pledge to improve energy efficiency rates by 4% each year until 2030. In its simplest form, energy efficiency can simply mean using appliances, technology, or electronics that are designed to consume less energy, such as heat pumps or LED lighting. Industries worldwide could save $437 billion per year by 2030 with improved energy efficiency, according to an October 2023 industry collective report by the Energy Efficiency Movement. As a result, energy efficiency improved globally this year by about 1.3% compared with last year, slower than the 2% improvement posted in 2022 due largely to rising energy demand, the IEA's annual Energy Efficiency report said. In the U.S., energy efficiency is beating the global average efficiency improvement rate this year at 4%, with $86 billion allocated for the goal under the Inflation Reduction Act.
Persons: Andrew Boyers, Larissa Gross, Sofie Irgens, Nick Eyre, Gloria Dickie, Katy Daigle, Jan Harvey Organizations: REUTERS, Rights, International Energy Agency, BE, European Union, Industries, Energy, U.S . Department of Energy, IEA, Oxford University, Reuters, Thomson Locations: Watchfield, Swindon, Britain, Dubai, leakages, India, Africa, U.S, Germany, Sweden, Netherlands
☆ Industry could save $437 bln a year via energy efficiency efforts
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, Oct 24 (Reuters) - Global industry could save around $437 billion a year from 2030 via energy efficiency savings and could also achieve big reductions in carbon emissions, a study showed. Companies could undertake regular energy audits, review the ideal size of industrial assets, connect sites and machines to reap energy synergies and use more efficient engines, the report said. "Since renewables can only provide a part of the answer, the critical role energy efficiency plays in accelerating the energy transition toward reaching net-zero emissions by 2050 is undeniable." Last week, the U.S. Energy Information Administration (EIA) said global energy consumption will likely increase through 2050 and outpace advances in energy efficiency, boosted by population growth and higher living standards, among other factors. Non-fossil fuel-based resources, including renewables, will produce more energy through 2050, but that growth is not likely to be enough to reduce global energy-related CO2 emissions, it said.
Persons: Tarak Mehta, Christoph Steitz, Jane Merriman Organizations: Energy Efficiency Movement, ABB, Germany's DHL, Sweden's Alfa Laval, Microsoft, Reuters, Companies, U.S . Energy Information Administration, Thomson Locations: FRANKFURT
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