Efficiency policy momentum builds, but global energy intensity progress slows.

The latest report from the International Energy Agency (IEA) highlights a crucial trend in the energy sector. While policy momentum for energy efficiency is gaining strength globally, the progress in improving global energy intensity has slowed down.

Key insights from the article:

• Policy Action: Governments worldwide increasingly recognise the importance of energy efficiency in enhancing energy security and affordability and accelerating clean energy transitions.
• Energy Intensity: The rate of progress in energy intensity, a key metric for the energy efficiency of the global economy, is set to fall to 1.3% in 2023, down from 2% last year.
• Investment Growth: Annual energy efficiency investment has surged by 45% since 2020, with significant growth in electric vehicles and heat pumps.
• Regional Gains: Exceptional improvements in energy intensity have been observed in regions like the European Union and the United States, with gains ranging from 4% to 14%.

Despite these advancements, the global rate of efficiency improvements needs to double to meet climate targets and ensure a sustainable future. ??

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