EP100 Progress and Insights Report 2022 – ‘Climate critical: The energy efficiency imperative’Climate Group
The global energy crisis is a wakeup call to businesses and governments, making it clear we can’t go on wasting energy. This is according to the latest Progress and Insights Report from the Climate Group’s EP100 initiative.
Being energy efficient can save the private sector billions of dollars while bringing down built environment emissions. EP100’s 125 members have reported $1.2 billion saved so far, while at the same time reducing emissions by 380 million metric tonnes of CO2e. That’s equal to the annual electricity use of 7.6 million homes.
Through measures such as fitting more efficient air conditioners, building facilities which retain their heat better and installing more efficient manufacturing machinery, EP100 members are taking on the energy crisis and making the most of every unit of energy they consume.
To date, members have reduced more emissions than the current combined annual emissions of Denmark, Italy and Portugal. The report emphasises the vital importance of energy efficiency for taking on volatility in the energy market and slashing fossil fuel demand.