Role of energy efficiency greatly underestimated, says energy body
The International Energy Agency (IEA) has said that energy efficiency has the potential to boost economic growth and sustainable development and not only reduce energy demand, as it is often suggested, writes Blue and Green Tomorrow.
The so-called ‘hidden fuel’ is “significantly undervalued”, according to IEA, which has argued in a new report – Capturing the Multiple Benefits of Energy Efficiency – that energy efficiency can be an engine for growth.
The organisation notes that under current regulation, two-thirds of the economically viable energy efficiency potential available between now and 2035 will remain unrealised.
IEA adds that the real benefits of the ‘hidden fuel’ are hard to quantify, when considered for instance that by making homes warmer and drier, personal health and wellbeing are also improved, with considerable savings in personal care – as much as four dollars for every one dollar invested.