Much faster progress on energy efficiency is needed to meet global 2030 goal

One year on from the historic global pledge at COP28 to double the rate of energy efficiency improvements by 2030, new analysis from the IEA shows that countries are not yet on track for this goal, requiring stronger action and cooperation to align with their stated ambitions.

Energy Efficiency 2024, the IEA’s annual report on energy efficiency developments around the world, finds that global primary energy intensity – a measure of efficiency – is set to improve by around 1% in 2024. This is the same rate as in 2023, and around half of the average rate between 2010 and 2019. At the COP28 climate change conference in Dubai last year, nearly 200 countries agreed to the goal of doubling the rate of progress, which would mean increasing it from 2% in 2022 to 4% by 2030.
More…