This one measure can get the world back on track to meet its climate targets

By District Energy posted 01-21-2019 00:00

  

Kim Fausing, World Economic Forum

Summary

The energy renovation of buildings can meet the increased electricity demand from electric vehicles. Image: Alexey Topolyanskiy/Unspalsh

The world’s greatest potential is waiting to be unleashed. It can help us get our planet back on track and to achieve the Paris Agreement – keeping the global temperature rise well below 2°C.

It is all about doing more with less. Our greatest energy source is the energy we do not use. Energy efficiency is the one resource that every country possesses in abundance and it is the quickest and least costly way of addressing energy security, environmental and economic challenges.

We have a climate-friendly, trillion-dollar opportunity waiting to be unlocked. Unfortunately, we see that global energy efficiency is slowing down while growth in overall energy demand intensifies.

Urbanization across the globe puts our available resources under pressure and we need to carefully plan to ensure that we have enough resources for the world’s expanding population. We cannot overcome these global challenges without an increased focus on energy efficiency.

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