IEA: Treat energy efficiency as ‘world’s first fuel’

(EurActiv, 14 Oct 2013) Global energy saving investments - and their effects on energy demand - are now equal to the net contribution of other fuel sources, the International Energy Agency (IEA) said on 16 October, as it launched its inaugural Energy Efficiency Market Report.

The IEA valued worldwide energy efficiency investments in 2011 at $300 billion (€221bn), a level on a par with global funding of renewable energy and fossil fuel power sources.

“Energy efficiency has been called a 'hidden fuel', yet it is hiding in plain sight,” said the IEA’s executive director Maria van der Hoeven, at a presentation for the paper in Korea.

“Indeed, the degree of global investment in energy efficiency and the resulting energy savings are so massive that they beg the following question: Is energy efficiency not just a hidden fuel but rather the world's first fuel?” she asked.

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EurActiv, 14 Oct 2013: IEA: Treat energy efficiency as ‘world’s first fuel’