The report "Energy Efficiency, accelerating the agenda" refers that energy efficiency could reduce substantially the energy demand by 2030. But identifies market and institutional failures that limit its success.
The major challenges identified include access to capital for energy efficiency projects, a regulatory structure of incentives, uniform measuring and reporting, skills and supply chains to deliver energy efficiency measures and international standards for products.
Tapping into the “largely unrealized potential” of energy efficiency will be essential to meet growing energy demand in the future, which is expected to see a 40% increase by 2050.
Pawel Konzal (World Economic Forum)
More information: Energy efficiency not necessarily low-hanging fruit, warns report
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