-
Competitiveness
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores competitiveness. Why is energy efficiency important for competitiveness? Increasing energy efficiency can improve competitiveness at both the firm level – by reducing costs, improving operations and increasing product value – and at the country level, by reducing the amount of energy required to produce economic output. Key facts Today the world’s industries produce nearly 20% more value added with a given amount of energy, compared with two decades ago. In the industrial sector, energy management can lead to more than 10% in annual energy cost savings within…
-
Affordability
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores affordability. Why is energy efficiency important for affordability? Energy efficiency measures can reduce energy bills for households, decrease energy poverty, and make access to energy services more affordable. Key facts Energy efficiency measures can reduce average household energy bills in advanced economies by up to one-third. In emerging economies, they can also improve access to energy services. For many products, such as refrigerators, highly efficient models use less than half of the energy of inefficient models. A best-in-class model can save up to…
-
Land-Use Competition between Biodiversity and Net Zero Goals
…Model (REALM), which identifies areas of overlap between renewable projects, critical mineral mining, and conservation priorities. Using Canada as a case study, this report highlights areas of potential land-use conflict and shows how the country can reach its 30% by 2030 target without significantly hindering the wind and solar development needed to achieve its net zero targets. Key points Achieving global energy, climate and biodiversity conservation targets simultaneously has significant implications for land use. At the 28th United Nations Climate Change conference (COP28) in 2023, nearly 200 countries set a target to triple renewable energy capacity by 2030. Based on…
-
Health
…related, with hospital admissions for respiratory conditions dropping by 43%, saving the country over USD 1 billion in health costs. In Ireland, in an analysis of the Warmth and Wellbeing Scheme, participants report that the improved efficiency of their homes reduced the number of doctor visits by 50% and lowered hospital admissions by 40%.In addition to physical health, energy efficiency can also lead to improvements to mental health, thermal comfort, and safety: Mental healthStudies show that thermal discomfort and fuel poverty have negative mental health impacts – such as anxiety, stress and depression – and that efficiency improvements can improve this…
