Jocelyn Timperley, SDG Hub
Danish engineering firm Danfoss is working to save energy at every level of its business.
In 2015, the world signed up to a target to double its rate of improvement in energy efficiency by 2030, as part of the UN goal for universal, sustainable access to energy.
This subtarget means an improvement rate of around 2.7 per cent per year. But a major report last week found the world fell shy of this in 2016, with an improvement rate of 2.5 per cent. Even worse, further declines are likely to have taken place in 2017 and 2018, with the rate of improvement in 2018 thought to be just 1.3 per cent.
As the report sagely noted, "more needs to be done". Increasing energy efficiency reduces energy demand, cuts emissions and eases the pressure slightly on the required scale up of renewables. It can also lead to significant cost savings for both businesses and individuals. It is a no-brainer in the world of climate action.