The multiple benefits of Energy Efficiency Improvements
Improving energy efficiency can deliver a range of benefits to the economy and society. However energy efficiency programmes are often evaluated only on the basis of the energy savings they deliver. As a result, the full value of energy efficiency improvements in both national and global economies may be significantly underestimated.
The objective of this report is to fully outline the array of different benefits from improved energy efficiency and investigate their implications for policy design. By better understanding the different benefits arising from energy efficiency it should be easier for policy makers to prioritise the most significant outcomes, in addition to energy savings, in optimising energy efficiency policy design. The paper also discusses the “rebound effect”, which can imply that energy efficiency measures produce less energy savings than expected, but should be reconsidered in light of the variety of other benefits which are generated.
IEA – 2012