- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
The evidence is clear: energy efficiency has played, and continues to play, a large and valuable role in the sustainable development of the global economy. The market for energy efficiency investments is very large and is producing results: The energy demand avoided as a result of steady improvements in the efficiency of energy-using stock such as buildings, cars and appliances is larger than the total final consumption from coal, oil or gas in IEA member countries.
The International Energy Agency (IEA) Executive Director, Maria van der Hoeven, will launch the organization newest publication: Energy Efficiency Market Report, next Wednesday, 8th October, 2014, at 10:30 a.m. Central European Time, at the Verona Efficiency Summit, Italy.
This year’s report includes an in-depth look at energy efficiency developments in the transport sector and in finance. Huge new waves of demand for mobility are emerging in non-OECD countries, bringing with them the challenges of pollution and congestion already faced in OECD countries. Fuel-economy standards and other policies are expected to help shape the market for more energy-efficient vehicles in the years to come. In financial markets, energy efficiency is becoming an important segment in its own right, aided by a growing range of financial products. We document the growing scale and diversity of energy efficiency products and actors.
Finally, this report reviews national energy efficiency market developments in various jurisdictions around the world, including Canada, China, the EU, India and Italy. These case studies provide snapshots of specific energy efficiency sub-markets, and insights into how these markets may evolve in the coming years. (Source: IEA)