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45 nations pledge to double their rate of energy efficiency improvements

45 nations pledge to double rate of energy efficiency improvements. The
UK, the US and Ukraine are among the 45 nations endorsing a new global
commitment to accelerate the rate of energy efficiency improvements. The
declaration takes the form of a new ministerial statement, released to mark
the conclusion of the International Energy Agency’s (IEA) global
conference on energy efficiency in France. As the conference began earlier
this week, the IEA confirmed that global energy intensity decreased 2.2%
last year, twice the average of the previous five years, largely due to
policy responses to the energy price crisis. Yet annual decreases of 4% are
needed to give the world the best chance of achieving net-zero by
mid-century and averting the worst physical impacts of the climate crisis.
To that end, the 45 nations have pledged to develop and implement better
policies to improve energy efficiency domestically. These include both
government-led schemes and policies that help to unlock private investment.

 Edie 9th June 2023  https://www.edie.net/45-nations-pledge-to-double-rate-of-energy-efficiency-improvements/

June 14, 2023 - Posted by Christina Macpherson | 2 WORLD, ENERGY