• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas September 21, 2023
Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote September 20, 2023
Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds September 20, 2023
Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP September 20, 2023
‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak September 19, 2023
Next
Prev

Fuel Disruptions, Price Surge Produce Energy Efficiency ‘Turning Point’: IEA

December 4, 2022
Reading time: 3 minutes
Primary Author: The Energy Mix staff

Shaw TV/YouTube

Shaw TV/YouTube

10
SHARES
 

Russia’s war in Ukraine was the catalyst for a surge in global energy efficiency investments this year, as governments and consumers “turned to efficiency measures as part of their responses to fuel supply disruptions and record-high energy prices,” the International Energy Agency (IEA) says in its Energy Efficiency 2022 report released Friday.

“While there are many ways for countries to address the current crisis, focusing on energy efficiency action is the unambiguous first and best response to simultaneously meet affordability, supply security, and climate goals,” the Paris-based agency says in the executive summary of its Energy Efficiency 2022 report. That imperative drove efficiency spending up 16% this year, to US$560 billion, after years of sluggish activity.

  • Be among the first to read The Energy Mix Weekender
  • A brand new weekly digest containing exclusive and essential climate stories from around the world.
  • The Weekender:The climate news you need.
Subscribe

The IEA’s analysis shows countries using energy 2% more efficiently over the last year due to investments in building retrofits, transit, and electric vehicle infrastructure. It may not sound like much—but that rate of improvement is four times higher than the last two years, and nearly double the performance over the last five. If governments, businesses, and consumers kept up the pace, it would be more than enough to shift energy and emission scenarios that assume less aggressive efficiency improvements.

The IEA says this decade would have to see a 4% annual improvement to keep up with its own net-zero scenario. But “if the current rate of progress can be built upon further in the coming years, then 2022 could mark a vital turning point for efficiency, which is one of the key areas for international efforts to reach net-zero emissions by 2050,” the Paris-based agency says in a release.

The executive summary cites Russia’s invasion of Ukraine as the spark for an “unparalleled global energy crisis” that “dramatically escalated concerns over energy security and the inflationary impact of higher energy prices on the world’s economies.” In that new geopolitical reality, “lowering record-high consumer bills and securing reliable access to supply is a central political and economic imperative for almost all governments.”

The report points [infographic] to governments leading a cascade of energy efficiency measures to increase energy affordability and security and speed up climate action, including:

• More than US$1 trillion for energy efficiency measures in crisis response packages;

• $680 billion in energy cost savings this year due to energy efficiency measures introduced by IEA member countries since 2000;

• A major focus on efficiency in national plans introduced by 16 governments representing more than half of global energy use;

• Heat pump incentives now in place in countries that account for half of global energy use;

• A “global wave of energy awareness campaigns” encouraging consumers to reduce demand;

• Digital demand response helping to manage several big electricity supply crunches;

• Electric vehicles now accounting for one in eight new car sales;

• Cooling efficiency programs in place across all members of the Association of Southeast Asian Nations (ASEAN);

• New building codes under development in 31 emerging and developing countries, for a total of 111 once they’re all in place.

While the IEA traces progress on energy efficiency in the world’s wealthiest countries, it warns that the rest of the world has yet to catch up.

“This year has been marked by several significant policy and spending announcements that point to continued efficiency investment and progress for years to come,” the report says. “These include the Inflation Reduction Act in the United States, the European Union’s REPowerEU plan, and Japan’s Green Transformation (GX) program, which add up to hundreds of billions of dollars in spending.”

But “these packages—like much of energy efficiency investment more broadly—are concentrated in advanced economies, and much greater investment is needed in emerging and developing economies,” at a time when high fossil fuel prices “are driving a cost of living crisis, worsening energy poverty and public health.”



in Buildings & Infrastructure, Cities & Communities, Community Climate Finance, Demand & Efficiency, Electric Mobility & Auto, Energy / Carbon Pricing & Economics, Energy Access & Equity, Environmental Justice, Finance & Investment, Health & Safety, Heat & Power, International Agencies & Studies, International Security & War, Media, Messaging, & Public Opinion, Transit

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

UN Climate Change/flickr
COP Conferences

Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 24, 2023
404
Jon Sullivan/flickr
Ontario

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
592
Rewat Wannasuk/Pexels
Heat & Power

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
95

Comments 1

  1. Pingback: Weekly News Check-In 12/9/22 | No Fracked Gas in Mass

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

UN Climate Change/flickr

BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 21, 2023
404
Kristoferb/Wikimedia Commons

Canadians Could Save $10.4B, Cut Climate Pollution by Replacing Central Air with Heat Pumps

August 28, 2023
810
/Piqusels

‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak

September 19, 2023
469
Asurnipal/wikimedia commons

Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP

September 20, 2023
171
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
592
Rennett Stowe/flickr

‘I’ve Been Ghosted,’ Rural Mayor Says, as Alberta Towns Push Back on Renewables Moratorium

September 8, 2023
1.9k

Recent Posts

Rewat Wannasuk/Pexels

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
95
Jeremy Bezanger/Unsplash

Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds

September 20, 2023
62
Wesley Fryer/flickr

Smart Thermostats Boost Grid Stability Amid Intense Heat

September 20, 2023
45
Cullen328/wikimedia commons

Manufactured Housing Could Dent the Affordable Housing Crunch with Energy-Efficient Designs

September 20, 2023
120
Mr Renewables/Wikipedia

Californians Fight for New Community Solar Plan

September 20, 2023
106
Plug'n Drive/Wikimedia Commons

Rural Carshares Ensure EV Push Leaves No One Behind

September 20, 2023
39
Next Post
Peoplepoweredbyenergy/wikimedia commons

Ontario Could Cut Emissions 85%, Save $9.5B by Replacing Gas Plants with Efficiency

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}