Medium-Term Renewable Energy Market Report 2016
Energy efficiency improvements over the last 25 years saved a cumulative USD 5.7 trillion
in energy expenditures. This virtual supply of energy generates multiple benefits
for governments, businesses and households, including greater energy security from
reduced dependence on energy imports and billions of tonnes of greenhouse gas emissions
Strengthening our understanding of the energy efficiency market and the prospects
over the medium term is becoming increasingly important. The 2015 Energy Efficiency
Market Report (EEMR) evaluates the impact of energy efficiency in the energy system
and assesses the scale and outlook for further energy efficiency investment using
detailed country-by-country energy efficiency indicator data and IEA expertise.
This year’s report includes an in-depth look into the buildings energy efficiency
market and the electricity sector. Energy efficiency investments in the buildings
sector totalled between USD 90 billion in 2014. In the electricity sector, energy
efficiency has proved critical in flattening electricity consumption in Organisation
for Economic Co-operation and Development member countries, driving utilities to adapt
their business models.
Promoting and expanding energy efficiency markets is a worldwide phenomenon, and EEMR
2015 presents a number of case studies at the national, state and municipal level.
These include examinations of Latin America’s two largest economies, Brazil and Mexico,
which are looking to efficiency to boost productivity and social development. Energy-exporting
countries like Saudi Arabia and the Russian Federation are also increasingly turning
to efficiency to increase exports and reduce the costs of growing domestic energy
consumption. In addition to national governments, major urban areas such as Tokyo,
Seoul and Paris are increasingly enabling energy efficiency investment.
Published on October 25, 2016
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