IEA: Energy Efficiency 2020 Report

2020 saw energy efficiency’s weakest progress in a decade, according to the International Energy Agency (IEA). This threatens international climate goals and makes the next three years a critical period for reversing this worrying trend.

The already stagnant pace of global progress on energy efficiency is set to slow further this year as a result of the economic impacts of the Covid-19 crisis, deepening the challenge of reaching international energy and climate goals and making stronger government action critical.

Global primary energy intensity – a key indicator of how efficiently the world’s economic activity uses energy – is expected to improve by less than 1% this year, the weakest rate since 2010, according to the Energy Efficiency 2020 report. This is well below the level of progress needed to achieve the world’s shared goals for addressing climate change, reducing air pollution and increasing access to energy.

According to IEA analysis, improvements in energy efficiency can contribute around half of the reduction in energy-related greenhouse gas emissions that is required over the next two decades to put the world on a path to meeting international energy and climate goals.

Spending on efficiency-related stimulus measures is set to generate almost 2 million full-time jobs between 2021 and 2023. However, the IEA’s Sustainable Recovery Plan suggests further recovery efforts related to energy efficiency could create another 4 million jobs globally.

Download the full report here

IEA: Energy Efficiency 2020 Report

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