Study Reveals Economic Benefits Of A Stronger Energy Efficiency Push

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This week is full of great news stories on energy efficiency. For my blog I decided to take an in-sight of a recent study, focusing on European countries and the potential results a more comprehensive energy management strategy could bring into their lives. Anyway, here at KONsys HQ we have registered a dynamically growing interest for AVReporter Energy Management Software from Germany and Denmark, based on the central requirements. So let's see that summary below.

A further push by the government to cut energy use by 40% by 2030 would increase the UK's GDP by £62 billion and create 40,000 new jobs, according to EU figures unearthed by WWF.

The benefits of a concerted effort were highlighted by the research showing that a slightly less substantial reduction of 30% would create 13,000 jobs and £17.3 billion – a significant amount but considerably less than the higher percentage.

The study by independent consultancy Cambridge Econometrics, which highlights how energy efficiency measures – such as energy management systems – can propel the economy, was obtained by WWF following a freedom of information request.

Brook Riley, a spokesman for Friends of the Earth - which campaigns for solutions to environmental problems – told The Guardian that the rewards from energy efficiency are impressive and "we need to be ambitious".

Riley also highlighted how the report reveals that the countries which were hardest hit by the financial crisis – Greece, Portugal, and Ireland – have got behind energy efficiency, suggesting that there are great financial benefits in placing a greater emphasis on the policy.

EU energy and environment ministers are meeting in Milan to discuss energy efficiency targets as part of a wider package of climate and energy goals for 2030 that currently includes boosting renewables to a 27% share of the market and cutting greenhouse gas emissions by 40%.

A potentially binding 30% efficiency target has been mooted, which Germany and Denmark would like to see raised. The figure is opposed by the UK and Poland, which are concerned about the cost and lack of state freedom to choose their own energy policy.

However, environmentalists argue that somewhat less ambitious targets for 2030 will see Europe's goal of 80-95% decarbonisation by 2050 become unattainable.

EU Energy policies

09.10.2014.

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