Transition - 07/July/2017

A path to growth and welfare

Companies are not investing enough in energy efficiency in order to reap its benefits. This is the economic oddity of energy efficiency, says Brian Motherway, head of energy efficiency at International Energy Agency. Energy efficiency part 4/5

  INTERVIEW Energy efficiency improves energy security, lowers energy bills and reduces global warming emissions. The International Energy Agency (IEA) agrees that energy efficiency is the world’s “first fuel” in that it works to save all other fuels. Why more companies are not tapping into the potential is a concern, says Brian Motherway, the agency’s head of energy efficiency. ... Q IEA’s Energy Efficiency Market Report 2016 states, “There is no realistic, or affordable, energy development strategy that is not led by energy efficiency.” Yet 70% of the world’s energy use is not governed by efficiency performance requirements. How concerned should we be about this energy efficiency gap? A There is growing recog ...

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