The Prime Minister of Ireland, Leo Varadkar, was yesterday named as honorary chair a new high-level commission on energy efficiency, which will be charged with addressing sluggish global improvement rates in energy productivity. The initiative is being orchestrated by the International Energy Agency, which has previousloy calculated that if countries implemented all economically viable energy efficiency actions available today the world could achieve more than 40 per cent of the emissions cuts needed to avert dangerous global warming. However, despite the obvious economic and environmental savings on offer the pace at which energy efficiency has improved has slowed in recent years. In 2015 primary energy intensity was falling at a rate of 2.9 per cent a year, but in 2018 it fell to just 1.3 per cent, while global energy-related CO2 emissions increased at their highest rate since 2013. In related news, research released this week by Siemens Financial Services suggested that the UK manufacturing sector had curbed energy costs by just six per cent over the last five years thanks to energy efficiency measures, despite the potential to slash costs by 25 per cent through cost-effective initiatives.
Business Green 10th July 2019 read more »