Energy efficiency is the world’s most important “fuel,” according to a new report from the International Energy Agency (IEA). Investments in energy efficiency provide such massive savings that the energy saved actually completely eclipses the energy generated by most forms of generation. This “first fuel” is incredibly important to the world’s efforts to reduce fossil fuel use and carbon emissions and should be focused on even more, the new report argues.
The Energy Efficiency Market Report, as its known, states that “the scale of recent investment in energy efficiency worldwide makes it as significant in its contribution to energy demand as investment in renewable energy or fossil fuel generation.
The report notes that, worldwide, in 2011, energy efficiency schemes attracted about $300 billion in investment funds — which puts it on about the same level as global investments in fossil-fuel power generation or renewable energy.