Energy efficiency is the "first fuel"
3:44 CH,22/10/2014

The source of the report from the International Energy Agency (IEA) said that effective global energy market worth at least 310 billion dollars per year and is on the rise, while confirming the position of energy efficiency is such as "first fuel" in the world.

As of finance of energy efficiency is becoming a new market segment is established, with innovative new products and standards help to overcome risk, bring stability and confidence market.

When announced in 2014 market report on energy efficiency, IEA Executive Director Maria van der Hoeven, emphasized energy efficiency is invisible force in the Member States as well as countries outside the IEA, work behind the scenes to improve energy security issues, reduce energy bills, taking us closer to achieving the goals of climate change.

Annual Report of the IEA this year is the second year focuses on investments in energy efficiency, improving energy efficiency - the amount of energy needed to produce one unit of GDP.

Of the 18 IEA countries assessed in the report, the total final energy consumption was reduced by 5% during the period from 2001 to 2011, mainly due to investments in energy efficiency.

The total energy savings for decades thanks to energy efficiency in IEA countries was 1,732 million tonnes of oil equivalent - greater than the energy needs of the United States and Germany combined in 2012.

IEA's previous analysis has shown that energy efficiency is not a fuel that is invisible but "first fuel" in the largest economies of the IEA.

This year's report shows that investments in energy efficiency over the last four decades has helped reduce levels of energy consumption compared to the total final consumption of the European Union in 2011 Policies and investors are effectively reducing energy demand of this continent, while the fast-growing economy has more demand for energy in the global energy system.

There has indeed been a very large potential for energy efficiency in emerging economies is not a member of the Organization for Economic Cooperation and Development (OECD) with the media and communication infrastructure transport efficiency brings huge opportunities in energy efficiency issues.

IEA estimates that energy efficiency can reduce fuel costs up to $ 190 billion in the transportation sector worldwide in 2020, and can help reduce air pollution and even solve traffic congestion sore during the rapid development of urban transport systems.

According to the IEA, approximately 40% of the energy efficiency market is sponsored by global equity cash and debt, which means that the financial markets of energy efficiency in the range of $ 120 billion per year. The number of these types of product and financial volume has expanded significantly in recent years, with forms such as green bonds, corporate bonds green, energy performance contracts, commitments zone private sector, the financial sector of carbon emissions and climate issues, the multilateral development banks and bilateral bank for the same goal of providing financial resources to improve energy efficiency.

According to calculations, in 2012, private lending bilateral and multilateral amounted to more than $ 22 billion.

IEA Executive Director Maria van der Hoeven, said that energy efficiency is shifting from proper attention to a new market segment formed with increasing interest from financial institutions providing loans and investors. Energy efficiency is essential to achieve the goal to prevent climate change, and support economic growth. To expand this market, given continuing initiatives to reduce barriers will need to be strengthened.

Energy efficiency is the most important shield for efforts to reduce carbon emissions in the global energy system to achieve climate targets in the world: IEA plan entirely consistent with long-term efforts to limit global temperature increase should not exceed 2 degrees Celsius, which contributes the largest proportion of emissions reduction - 40% - comes from the efficient use of energy.

Source: VNEEP
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