Halving EU energy intensity, a ratio of energy use to gross domestic product, could reduce the need for “650 billion cubic meters of natural gas per year,” about four times the EU’s 2021 Russian imports, according to the IEA report released during the conference. With more innovative and comprehensive policies, EE can have great value as demand response, or DR, and be used when and where the power system needs kWh reductions the most, they said.
EE advocates said during and after the IEA conference. In the U.S., EE has enormous potential but must demonstrate its value across different regulatory and market circumstances, Speakes-Backman and other U.S. “Russia’s unlawful invasion of Ukraine has challenged us to think differently about how we generate, distribute, and use energy, and the case for energy efficiency has never been more urgent.” Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy Kelly Speakes-Backman added at the conference. This “could be the peace project of our time,” U.S. And world leaders must make the conference “a meeting of hope” where “the world hits the accelerator on efficiency” or they may “pay the price for years to come.” EE is “critical” to keeping world energy “affordable, secure, and clean,” IEA Executive Director Fatih Birol told the annual IEA Global Conference on Energy Efficiency June 8.
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