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‘HIDDEN FUEL’ REVEALED IN NEW IEA REPORT - EUROPE MUST STOP OVERLOOKING BENEFITS OF ENERGY EFFICIENCY

Today, the International Energy Agency (IEA) launches a report, Capturing the Multiple Benefits of Energy Efficiency, which – if its recommendations were put into practice – could result in a boost in economic growth, reduced unemployment and improvement of public health.


In response to the report, Susanne Dyrbøl, energy efficiency strategist, at ROCKWOOL International A/S, and one of the experts contributing to the report, commented: “The IEA calls energy efficiency the world’s ‘hidden fuel’ and highlights that adopting greater energy efficiency could lead to a better allocation of world resources with the potential to boost cumulative global economic output through 2035 by $18trillion. So far the true potential and multiple benefits from energy efficiency to the public purse and health and well-being have rarely been estimated and have often been overlooked in policy making.

This report is welcome and overdue. It comes at a critical moment for our energy future and we must ensure that any economically viable energy efficiency measures are
not left unrealised.”

Over the next few weeks, the European Council of Ministers will decide on its 2030 energy savings target. The European Commission has recently proposed an energy savings target of just 30%, yet – just like the IEA report - the European Commission’s own impact assessment has shown that an even higher energy savings target can deliver many more benefits; including energy security, reduction of energy import dependency, more jobs and greater GDP growth.

Susanne Dyrbøl, energy efficiency strategist, at
ROCKWOOL International A/S

Susanne Dyrbøl, continues: “We know that Europe could reduce its energy consumption cost effectively by 40% by 2030 and the new IEA’s report adds to the overwhelming evidence that Europe should aim to capture its full potential. This has already been recognised by the European Parliament which in February this year voted in favour of a binding 40% energy savings target for 2030.

If the EU ignores the evidence in favour of a higher and binding energy savings target, Europe will miss a critical opportunity to drive energy savings in the coming decade


If, on the other hand, the evidence is properly taken into account, we will see that huge energy and cost savings can be made, which support economic growth and new jobs. Furthermore, and perhaps most crucially, it is vital that the EU reduces its dependency on fossil fuels and energy imports as much as possible, to ensure long term energy security.”

Further explaining the need for the EU to increase its energy savings target to 40% by 2030, Susanne Dyrbøl says:  “Now is the time for politicians to kick start an era of ambitious yet achievable energy saving measures that benefit the European economy as well as improve the quality of life for its citizens. A binding target of 40% energy savings by 2030 must be set and met if we are to keep the leading position that Europe has had on energy efficiency in the past.”

Read more about the IEA report

Capturing the Multiple Benefits of Energy Efficiency

About the ROCKWOOL Group

The ROCKWOOL Group is the world’s leading supplier of innovative products and systems based on stone wool. The Group is amongst the global leaders within the insulation industry with products and solutions for all major application areas for both residential and non-residential buildings. Together with other construction-related products such as acoustic ceilings and cladding boards, the Group ensures energy efficient and fire-safe buildings with good acoustics and a comfortable indoor climate. We also create green solutions for the horticultural industry, special fibres for industrial use, effective insulation for the process industry and marine & offshore as well as noise and vibration systems for modern infrastructure.

Our more than 10,000 employees in more than 30 countries cater for customers in a big part of the world. The Group’s head office is located close to Copenhagen in Denmark. In 2013 the Group generated sales of around 2,000 million Euro. The company is listed on the NASDAQ OMX Nordic Exchange Copenhagen.

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