Energy Efficiency and Economic Growth
This report investigates the relationship between energy efficiency and economic growth. Energy plays a significant role in the economy as a major factor of production. Given higher real energy prices, the efficient use of energy can contribute positively to economic growth.
Three points are to be considered when evaluating the effect of energy efficiency measures on economic growth:
- — first, the relationship between energy use and economic output;
- — second, the effect of energy efficiency on economic growth; and
- — third, the country specific energy efficiency potential.
The Climate Institute – 2013