Global Climate Fight Needs Demand Side Work
Huge gap between energy demand and supply from renewables
Herman K. Trabish, November 16, 2022 (NewEnergyNews)
The world cannot achieve its climate goals without new technology to make its energy and heating systems more efficient, according to a new report from global efficiency system giant Danfoss. Even with huge build-outs of renewable energy, New Energy cannot] meet the demands of a growing world. The world’s one-sided approach to the energy crisis focuses too much on the supply, not enough on demand.
But every dollar spent on energy efficiency avoids spending more than 2 dollars on energy supply. Without acting now to address the demand for energy it will be extremely difficult and more expensive to meet the Paris Agreement goal of staying below 1.5 degrees warming because energy demand for space cooling could more than triple by 2050, consuming as much as all of China today and technology is available to use energy efficiency solutions across all sectors.
Even with a huge build-out of New Energy, the stranglehold of fossil fuels that generate climate crisis-causing greenhouse gas emissions makes reducing demand through energy efficiency imperative. Energy is being wasted daily in industry, in homes, and in transport and time to protect the climate is slipping away, but governments can enact policy to grow the efficient technologies available, Danfoss said. click here for more