Energy Efficiency and Energy Savings: A View from the Building Sector
A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S.
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A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S.
Briefing
A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S.
Highlights
A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S.
Case Study
A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S.
Many recent major studies, including the IPCC’s Fourth Assessment Report, have attested that energy efficiency is humanity’s prime option to combat climate change in the short- to mid-term. The potential to avoid CO2 emissions cost-effectively has been reported to be significant through efficiency policies. However, the review of global research findings on the quantification of cost-effectiveness of opportunities through improved efficiency has highlighted that there is a major shortcoming in the vast majority of such calculations.
The economics of energy efficiency programmes have been subject to considerable academic debate lasting well over three decades now. In this paper, we contribute to this debate by reviewing the costs and benefits of a specific type of policy+ instrument that recently gained significant traction in Europe – Energy Efficiency Obligations - EEOs. Following the introduction of the EU Energy Efficiency Directive in 2012 the number of EEOs in Europe has grown from five schemes to now 16 EEOs in operation or planned across the EU.
People spend most of their time inside buildings, and buildings are responsible for approximately one third of total direct and indirect energy-related worldwide carbon emissions. Likewise, buildings in the U.S. account for about 40% of total U.S. energy consumption. Future building development will be driven not only by emerging challenges such as vulnerability to a changing climate and resource scarcity, but also by disruptive innovations and societal changes.
The built environment accounts for approximately forty percent of the total energy consumption in developed countries. Because buildings have a long life, the greatest opportunity for energy reduction in the built environment will come from energy conservation in the existing building stock. An overview of the policy challenges presented by the built environment, with an emphasis on existing facilities, is accompanied by a discussion of specific technologies that may have the potential to reduce energy use.