Huge improvements in energy efficiency are occurring across the European Union. Energy efficiency policies are delivering in terms of reducing consumption, safeguarding Europe’s security of supply, reducing CO2 emissions, creating jobs and saving money for consumers. All this brings monetary and non-monetary benefits to Europe’s industry and consumers, including those experiencing energy poverty. As discussed in a variety of literature on ‘sustainable growth’, energy efficiency can counter the adverse effects of economic downturn and lead to economic growth. Several Member States’ energy efficiency action programmes actively rely on this macroeconomic benefit to the economy.
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Sectors: Cross cutting, ESCO
Country / Region: European Union
Tags: assessment of the status quo, carbon dioxide, economic growth, emissions, energy, energy efficiency, energy poverty, indicative programmes, industry, jobs, safeguardsKnowledge Object: Web Resource