IEA's Energy Efficiency Market Report 2014
The CSIS Energy and National Security Program hosted Philippe Benoit, Head of the Energy Efficiency and Environment Division at the IEA, to discuss the IEA's recently released inaugural Energy Efficiency Market Report 2014. The report finds that the global energy efficiency market is worth at least $310 billion a year and is expected to grow. The annual report from the International Energy Agency, now in its second year, confirms the position of energy efficiency as the “first fuel” in the IEA’s largest economies.
Mr. Benoit also presented a related IEA study, Capturing the Multiple Benefits of Energy Efficiency, which shows that the benefits of energy efficiency go well beyond the simple scaling back of energy demand. The study reframes the discussion about energy efficiency and shows how it has the potential to support economic growth, enhance social development, advance environmental sustainability, ensure energy-system security and help build wealth. Guy Caruso, Senior Adviser with the CSIS Energy and National Security Program, moderated.