It’s always a challenge to find a new set of nominees for Forbes’ 30-Under-30 list in energy. This despite the fact that the “energy industry” is quite likely the biggest in the world. According to the International Energy Agency, keeping the people of the world supplied with energy in all its forms costs about $1.7 trillion a year.
Investments in measures to curb energy waste and boost efficiency are overtaking wind and solar spending and have reached at least $310 billion a year, the International Energy Agency said. That’s almost $100 billion higher than investment in renewable energy in 2013, which amounted to $213 billion, according to estimates from Bloomberg New Energy Finance.
Energy efficiency gains are surpassing fuel consumption in some countries, according to a report released today (8 October) by the International Energy Agency (IEA) In 2011, energy efficiency savings in 11 countries, including France, Sweden and the United Kingdom, “effectively displaced a continent’s energy demand” the IEA said.
The International Energy Agency (IEA) says investing in efficiency can boost growth, jobs, health, government budgets, industrial productivity – and those are just the benefits backed by robust analysis. Meanwhile left-leaning thinktank the Institute for Public Policy Research (IPPR) says efficiency could reduce EU reliance on Russian gas.