Energy efficiency does offer significant promise. The International Energy Agency (IEA) estimates that total energy consumption among its 29 member states was 60 percent lower in 2014 than would have been the case without four decades of investment in efficiency. Moving forward, IEA suggests that energy efficiency measures could slow demand for fossil fuels enough to become the single largest contributor to slowing the growth of global CO2 emissions.
But what are the most effective approaches to increasing energy efficiency and ensuring that real world performance reaches program goals? Are energy efficiency programs delivering the biggest bang for the buck? EPIC affiliated researchers are exploring new market and policy levers for expanding the scope of sound global investment in energy efficiency and developing the analytical and evaluation techniques needed to translate theory into results.