The Rise and Fall of Energy Consumption and Efficiency
image credit: ID 46858862 © Mihai Andritoiu | dreamstime.com
- Apr 20, 2019 7:00 am GMT
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According to the Energy Information Administration (EIA) US energy consumption hit a record high in 2018. Fossil fuels provided 80 percent of total energy used in 2018. While renewables are climbing, they still only account for 12 percent of energy used in the U.S. As the U.S. economy grows so does the need for fuel and electricity. Will energy efficiency lower consumption despite growing demand? New York City is hoping it will. New York City is on the verge of embracing citywide energy efficiency laws more ambitious than any we have seen in this country. The goal is to reduce the carbon emissions footprint by 40 percent by 2030. Once the bill is passed into law, those who miss the mark could face financial penalties. Opponents feel the costs of such vast energy-reduction is unreasonable. Optimistic about the plan, John Mandyck, CEO of the Urban Green Council said, "Buildings will have to do deep energy retrofits, buy green power or eventually look at carbon trading,” he continued, “We get that it's tough and that billions of dollars will need to be spent to reduce carbon emissions. But new technology and new business models will be invented to help buildings get there." In Berlin, regulators are excited about the massive savings that energy efficient buildings can offer. The DENEFF is aiming for the highest possible reduction of energy consumption by the means of energy efficiency. With incentives and tax credits, they hope to increase efficiency in the building sector and lower consumption. As energy efficiency improves, the EIA noted that energy production in the United States is poised to grow but overall energy use will see minimal changes in coming decades.