Energy efficiency is poised to be pushed by government and industry alike thanks to a convergence of events: rising energy prices, concerns about climate change, and a desire to reduce use of petroleum products and promote clean energy. President Barack Obama has earmarked $20 billion for energy efficiency as part of a federal stimulus package and sets a target for the nation to reduce electricity use 20% by 2020.
China, the world's second largest electricity consumer, has set aggressive efficiency goals. The nation in recent years built power plants at a rate of about 90 GW per year, nearly as much power as Germany has installed in total. In search of more cost effective, less polluting measures, China has set a goal to double energy use by 2020. In addition, China and the US in late 2009 agreed to collaborate on building an energy efficiency industry. Since together China and the US consume 40% of the world's energy, they can achieve considerable economies in manufacturing energy efficiency technologioes. Meanwhile, the European Union has set a target to reduce annual consumption of primary fuels 20% by 2020.
Still, the energy efficiency technology sector faces some challenges, including technology adoption. New, smart meter technologies are expected to attract consumers to energy efficiency initiatives, as are plug-in electric cars which offer a possible income source to their owners. In other cases, technologies will be installed in power plants and transmission systems that energy consumers never see, yet benefit from. In a slow economic period when many industries are waning, the energy efficiency industry appears to be on a strong, upward trajectory worldwide. This report shows how and why.
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Key features of this report
* Worldwide energy demand growth Analysis as energy supplies tighten and costs rise. Discussion of why these factors are causing nations to pursue energy efficiency.
* Review of common energy efficiency programs and legislation that foster greater use of energy efficiency, as well as barriers to its adoption.
* Review of major types of power plants and explanation of how they are becoming more efficient. Analysis of gas, coal, nuclear and cogeneration.
* Analysis of inefficiencies in electric transmission, including line loss and congestion. Review of solutions, such as infrastructure upgrades, specialized pricing mechanisms, smart grid and microgrid.
* Understand the drivers behind the current worldwide effort to increase energy efficiency
* Analyze the opportunities available for investment in technologies that improve efficiency for energy consumers, as well as in vehicle fuel use and power production and transmission
* Be better-informed about the political and regulatory goals, plans and funding mechanisms for energy efficiency worldwide.
* Assess the attraction and the risks for your company of investing in new energy efficiency and smart grid technologies.
* Benefit from the report's information to help make your company's next international investment decision in energy savings or energy production.
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Energy Business Reports publishes cutting-edge business research and analysis reports in the global energy industry including power, oil and gas, and renewables markets.