Oct. 30, 2014: Global Energy Efficiency Market Worth $310 Billion Per Year
IEA Report Sees Energy Efficiency Financing Becoming Established Market Segment in Its Own Right
VERONA, Italy — The global energy efficiency market is worth at least $310 billion a year and growing, according to a new report from the International Energy Agency (IEA). The report also finds that energy efficiency finance is becoming an established market segment, with innovative new products and standards helping to overcome risks and bringing stability and confidence to the market.
“Energy efficiency is the invisible powerhouse in IEA countries and beyond, working behind the scenes to improve our energy security, lower our energy bills, and move us closer to reaching our climate goals,” said Maria van der Hoeven, IEA executive director, at the Verona Efficiency Summit as she launched the IEA’s Energy Efficiency Market Report 2014.