Energy efficiency investment will be “critical” to achieving the global emissions reduction targets set out in the Paris Agreement, and must be embedded in Britain’s new Industrial Strategy to drive economic productivity. Those are among the key findings of two new reports released over the past week, which together conclude that there is now an urgent need to increase investment in energy efficiency technologies at both a UK and international level. The first report, released by the Carbon Trust towards the end of the UN’s COP22 climate talks in Marrakesh last week, claims that energy efficiency is “the most cost effective way of tackling climate change” and reaching international carbon reduction targets. The second report, released a day later by the Association for Decentralised Energy (ADE), reveals that the productivity of the UK economy rose by £1.7bn between 2010 and 2015 as a result of industrial, services and domestic sector energy efficiency investments.
Edie 21st Nov 2016 read more »