Global market for energy management and efficiency systems is worth £192bn a year
The global market for energy management systems and energy efficiency is worth at least $310 billion (£192bn) a year and continues to grow at a very strong pace, a new report from the International Energy Agency (IEA) was able to reveal.
The IEA’s “Energy Efficiency Market Report 2014” shows that investments in energy efficiency (energy management systems, energy optimization systems, etc.) are helping to improve energy productivity – the amount of energy needed to produce a unit of GDP. Among 18 IEA countries evaluated in the report, total final energy consumption was down 5% between 2001 and 2011 primarily as a result of investments in energy efficiency.
According to the IEA, some 40% of the global energy efficiency market is financed with debt and equity, meaning that the financial market for energy efficiency is in the range of USD 120 billion per year.
The number of products and the volume of finance have greatly expanded in recent years, with green bonds, corporate green bonds, energy performance contracts, private commitments, carbon and climate finance, and multilateral development banks and bilateral banks all offering expanded sources of finance for energy efficiency improvements.
“Energy efficiency is moving from a niche interest to an established market segment with increasing interest from institutional lenders and investors,” IEA Executive Director Maria van der Hoeven commented. “As energy efficiency is essential to meeting our climate goals while supporting economic growth, the increasing use of finance is a welcome development. To fully expand this market, initiatives to continue to reduce barriers will need to strengthen.”
Energy management systems can help companies precisely and accurately control their energy usage and reduce their overall bills by running their light/heating systems in an optimum manner.
If you’d like to find out just how easy it is for your company to cut carbon emissions and save in excess of 30% on your energy bills, then contact us, and we’ll be more than happy to provide you all the necessary information.