Friday, October 18, 2013

The Big New Energy Source Is Conservation

Forget biofuels. Consider these facts from a new report by the International Energy Agency (here):

  • From 2005 to 2010, efficiency measures saved the energy equivalent of USD 420 billion worth of oil in a group of 11 IEA member countries.
  • Had it not been for energy efficiency measures implemented in past years, consumers in those 11 IEA member countries would now be consuming – and thus paying for – about two-thirds more energy than they currently use.
  • In 2010 in those countries, the energy savings from efficiency measures exceeded the output from any other single fuel source. That year, the 11 IEA economies avoided burning 1.5 billion tonnes of oil equivalent thanks to efficiency improvements developed since 1974. By comparison, in 2010 those same economies consumed about 1 billion tonnes of oil equivalent from assets developed over the same period.

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