New analysis by the International Energy Agency has shown that stronger efficiency measures can reduce energy bills, fuel imports and greenhouse gas emissions quickly and significantly.

According to the new IEA analysis, The value of urgent action on energy efficiency, doubling the current global rate of energy intensity improvement to 4% a year has the potential to avoid 95 exajoules a year of final energy consumption by the end of this decade compared with a pathway based on today’s policy settings. That level of savings would reduce global CO2 emissions by an additional 5 billion tonnes a year by 2030, about a third of the total emissions reduction efforts needed this decade to move the world onto a pathway to net zero emissions by mid-century, as laid out in IEA’s Net Zero Roadmap.

The new IEA analysis shows the significant opportunities for rapid energy efficiency gains in all sectors of the global economy. Most of these opportunities involve readily available technologies and would fully pay for themselves through lower running costs. 

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