New energy efficiency report finds potential savings of 2.8 trillion by 2030

Climate change and energy efficiency must be considered across the globe, especially in larger economies with stronger overall output of goods and services, that use different means to complete transportation, building and industrial needs.

A recent report conducted by ClimateWorks found that global energy efficiency programs could neutralize decarbonization, slashing costs by $2.8 trillion by 2030, with $250 billion in cuts each year.

Energy efficiency may not have been on the front burner for long, but the idea has been around for a while, with many developers searching for cost cuts and more efficient means of work. The policies that have been in place since the early 90s have already helped reduce costs by about $750 billion in efforts to limit the spread of global warming.

The report, "How Energy Efficiency Cuts Costs for a 2 C Future," also found that reducing overall carbon footprints and use of important fossil fuels can be done with little to no cost. Many countries have agreed to band together to hit the 2 degrees Celsius upper limit for climate change.

In terms of the role the U.S. will play, tighter economy standards in relation to fuel and cleaner means of energy under the Clean Power Plan, "represent major steps forward to realizing the cost savings," the report found. "Nevertheless, incentives are still lacking for significant retrofits of existing buildings, and the reduction of fuel consumption in energy-intensive industries."

Buildings throughout the U.S. represent an extensive range of potential emissions savings.

By making changes now, the largest economies of the world can gain serious economic benefits in reducing the cost of energy access, reducing the need for exploitive expansion of energy supply and improving overall air quality and health.

Energy efficiency is an important part of the home and business. Learn more on our website.