IEA Urges ‘Massive’ Energy Efficiency Gains to Hit Net-Zero Targets
- Apr 15, 2021 3:29 pm GMTApr 15, 2021 1:41 am GMT
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Countries will need “massive improvements” in energy efficiency to achieve their net-zero targets under the Paris Agreement, International Energy Agency policy analyst Alyssa Fischer argues in a recent commentary.
Energy efficiency is the “first fuel”, Fischer writes, accounting for more than 40% of the greenhouse gas emission reductions to be achieved by 2040 under the IEA’s Sustainable Development Scenario, part of its annual World Energy Outlook. That role is all the more important given the economic assumptions surrounding the analysis.
“Maintaining global growth and supporting development in emerging economies implies a sharp rise in consumption habits,” she writes. “Meeting this need requires a transformation of the existing energy system,” which in turn means a starring role for energy efficiency in “reining in the scale of this unprecedented challenge, supporting net-zero energy goals at lower costs, and delivering a wide array of benefits for society.”