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UN CLIMATE SUMMIT MUST TAP IN TO $18 TRILLION GREEN GROWTH POTENTIAL FROM ENERGY SAVING

The UN Climate Change Summit in New York, which begins on Tuesday 23rd September 2014, is being billed as the last-minute call for bringing climate change negotiations back on track before global warming reaches a point of no return. However ROCKWOOL International is appealing to global leaders to put political differences aside and unite to put real actions in place which will combat the global climate change challenge.



Claus Bugge Garn, VP Group Public Affairs, at ROCKWOOL International, and international expert for energy efficiency, states:“ Millions of people are feeling the effects of extreme weather conditions, and high costs are too frequently used as an excuse for not daring to take appropriate measures against climate change. This is absurd, it is well known that energy efficiency is the most effective means to reduce greenhouse gas (GHG) emissions and at the same time stimulate economic growth.”

“Just a few days ago a report issued by the International Energy Agency (IEA) concluded that the world’s ‘hidden fuel’, energy efficiency, can increase economic growth, reduce unemployment and improve public health while also abating GHG emissions. The IEA estimates that better allocation of world resources, as a result of energy efficiency measures being more widely deployed, could boost economic output by $18trillion by 2035. So what are we waiting for? Neither global leaders, nor citizens, can afford for economically viable energy efficiency measures to be left unrealised.”

Green investment speaks louder than words

For the ROCKWOOL Group, this week’s UN Climate Summit and Climate Week in New York, marks an important step for activating this huge potential, particularly given that the conference is taking place in the US, which remains one of the world’s largest energy consumers.

ROCKWOOL International, the world’s leading stone wool insulation manufacturer will inaugurate its first factory in the US on Wednesday 24rd September.

Claus Bugge Garn, continues:“Our factory launch shows that energy efficiency measures can create local jobs. Our new plant in Mississippi will directly employ 150 people, and will provide insulation and work for building professionals across all disciplines in the USA who will be involved in designing and insulating better homes and business premises."

The amount of ROCKWOOL insulation manufactured each year can, over its lifetime, save more than 5 gigatonnes of CO2 when installed on uninsulated or energy renovated constructions. The insulation makes this possible by reducing energy loss in buildings and from industrial processes around the globe. Yet much of the energy saving potential has yet to be achieved. The IEA estimate that 2/3 of the economically viable energy efficiency measures will remain neglected unless ambition levels are raised.

The ROCKWOOL Group appeals that all regions in the world take their fair share of responsibility in reducing the waste of expensive energy – and CO2. It is in everyone’s interests to do so, and this also applies for the European Union where the ROCKWOOL Group has its Danish headquarters.

Claus Bugge Garn, emphasises:“Over the next few weeks, the European Heads of States will decide on the EU climate and energy targets for 2030. It is imperative that the EU decides on a binding 40% reduction target for both energy and CO2 efficiency. The IEA report and the European Commission’s own impact assessment has shown that a 40% energy savings target can deliver many more benefits; including GHG reductions, energy security, reduction of energy import dependency, more jobs and greater GDP growth."

More about the IEA report: Capturing the Multiple Benefits of Energy Efficiency

More about the UN Climate Change Summit

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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