Energy efficiency could help saving €1900 billion of investments by 2030
Improving the efficiency of general electricity use by an additional 1-2% per year is equivalent to the production of 2,500 to 5,000 medium-sized power plants. This would reduce the need for capital investments in public energy infrastructure in the range of €1000 - 1900 billion by 2030. Furthermore, energy efficiency improvements could save €2200 billion of annual fuel costs by 2030.
These are some of the findings of a new report by Ecofys that was published in partnership with Philips and presented today at the Climate Change Conference in Doha. The report aims to estimate the scale of the benefits of energy efficiency, based on assessments from the most authoritative organisations in this field. It also assesses the scale of other benefits of energy efficiency such as cost savings through lower energy bills, and reduced greenhouse gas emissions. In addition, the report provides some directions on how a greater stimulus for energy efficiency improvement could be created.
Please find additional information in the Philips press release.