(Infographic) The Untapped Potential of Energy Efficiency
Energy efficiency holds the potential to significantly reduce demand and consumption of many supply-side resources including oil, electricity and natural gas. According to the International Energy Agency, investments made in energy efficiency since 1974 had a major impact on energy usage in 2010 with avoided energy consumption overtaking other single supply-side resources.
Despite these savings, there is still significant potential for energy efficiency in the future. By implementing low-hanging fruit efficiency measures in addition to any energy policy interventions, 900 million tons of oil equivalent could be reduced in 2020, the equivalent of 7% of 2010 global consumption. Such a large scale reduction would result in a reduction of $458 billion in consumer energy expenditure.
Energy efficiency improvements do not need significant investments to have major impacts on energy and financial savings. Click here to find out how EES Consulting can help you implement cost-effective efficiency measures that will have huge impacts on your energy consumption.