Energy efficiency is the “first fuel” in the global energy system, note experts in the latest edition of ISOfocus.
The numbers are impressive. According to the International Energy Agency (IEA), harnessing economically viable energy efficiency investments would facilitate a more efficient allocation of resources across the global economy, with the potential to boost cumulative economic output through 2035 by USD 18 trillion. In addition to helping the economy grow, energy efficiency measures can cut costs. A recent study commissioned by the ClimateWorks Foundation shows how energy efficiency will reduce the total societal costs of decarbonizing the energy system by USD 2.5 trillion between now and 2030.
From the IEA forecasting new heights in energy efficiency to the innovative standards developed (or being developed) by ISO to make the system cleaner, more affordable and more reliable – it’s been full steam ahead for a sustainable future.
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