Which climate change measure will have the most impact? Which actions should focus on the most?
To achieve the Paris Agreement to keep the global temperature rise well below 2 degrees Celsius, energy efficiency is the resource that can quickly address energy security, environmental, and economic challenges. On average, every €1 invested in energy efficiency saves €3 over the lifespan of a technology and should be factored into all investment decisions. The CEO of Danfoss, Kim Fausing, has the following recommendations increase energy efficiency.
- Develop a connected energy system, with energy efficiency as the central pillar supported by renewable energy, sustainable buildings and electric vehicles.
- Storing and transporting renewable energy along with energy efficiency can bring energy-related CO2 emission reductions.
- A large-scale deployment of electric vehicles will increase electric demand, which can be met with our buildings.
Source: World Economic Forum. Full article can be found here.