Saving energy is ‘utterly essential’ to cut bills, end reliance on Russian oil and gas and slash emissions says agency

The failure by governments and businesses to accelerate energy efficiency efforts is “inexplicable”, according to the head of the International Energy Agency.

Fatih Birol said saving more energy was “utterly essential” in cutting household’s rocketing bills, ending reliance on fossil fuel regimes such as Russia, and rapidly lowering the CO2 emissions driving the climate crisis.

New analysis by the IEA showed that doubling the rate of energy efficiency improvements seen in the last decade would, by 2030, slash global energy use by the same amount used in China every year, saving households $650bn. It would also cut oil and gas use by far more than Russia exports to the EU. Ending these exports is a key EU goal after Russia’s invasion of Ukraine.

The IEA said greater efficiency could be readily achieved with existing technologies and would pay back fully the investment through lower running costs, especially at today’s high energy prices. Important measures include the rollout of electric cars and heat pumps, more efficient household appliances such as fridges and TVs, and people nudging down home thermostats and choosing greener travel.

Read more: TheGuardian

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