Record-high energy prices and the energy market turmoil this year have accelerated efforts in energy efficiency with global investments rising by 16% annually to $560 billion this year, the International Energy Agency (IEA) said in a new report on Friday. With sky-high energy prices and much higher concerns about energy security, governments and consumers have turned to energy efficiency as the immediate measure to respond to energy supply disruptions, the IEA said in its Energy Efficiency 2022 report.
Energy efficiency…The Energy Crisis Has Sparked Major Investments In Efficiency
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