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Why Is Energy Efficiency Being Ignored Forbes

Leo Migdal
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why is energy efficiency being ignored forbes

The world is wasting too much energy. Inefficient vehicles and ships burn more fuel than necessary, inefficient electric motors waste energy, excess heat generated from production is not being repurposed. And in buildings – both commercial and residential – vast amounts of energy is wasted every day because simple measures to monitor and control energy use are not in place. That means no matter the deployment of new energy technologies, new forms of carbon storage or even carbon removal, the cheapest and most effective path to short term emissions reduction is energy efficiency. Energy demand continue to grow and as extreme weather events accelerate there is going to be an associated growth in energy demand, particularly around heating and cooling. In fact it’s been projected that energy demand for space cooling alone could more than triple by 2050, consuming as much energy as China today.

It is to be hoped that the large scale deployment of renewable energy will help to decouple energy demand growth from emissions but, certainly in the short term, the signs are not good. Not only has the war in Ukraine resulted in Russian-gas reliant states rush to find new sources of fossil gas, but the climate negotiations seem to be taking a step back on this issue. The outcome of COP27 saw a change in language allowing for low emission sources, which many are concerned opens the door to fossil gas use. That being the case, it seems unlikely that the world will reduce the stranglehold of fossil fuels in the short term. It may be possible to change this over time but given the short window of opportunity that the world has to act, energy efficiency may be the only credible short-term path to emissions reduction. Our President and CEO, Kim Fausing, spoke to Forbes this week to discuss why the world can’t afford to ignore the importance of #EnergyEfficiency if we are to have a fighting chance at keeping...

In this extensive interview, Kim covers how businesses and governments can deploy solutions that are already available to reduce global energy demand, and the short payback times these solutions offer, which was outlined in... Read more: https://lnkd.in/evVgygwf #WhyEE #GreenTransition Hello Mr Fausing, love what Danfoss does and stands for but do Danfoss value good staff members? Visiting Professor of Practice in Global Affairs, University of Notre Dame; University of Tennessee Jay Gulledge is affiliated with PSE Healthy Energy University of Notre Dame and University of Tennessee provide funding as members of The Conversation US.

You might not know it from the headlines, but there is some good news about the global fight against climate change. A decade ago, the cheapest way to meet growing demand for electricity was to build more coal or natural gas power plants. Not anymore. Solar and wind power aren’t just better for the climate; they’re also less expensive today than fossil fuels at utility scale, and they’re less harmful to people’s health. Frederic Godemel is the Executive Vice-President for Energy Management at Schneider Electric. Despite numerous advances, energy efficiency is often misunderstood.

Too frequently, it’s equated with cost-cutting or making do with less. But for today’s commercial leaders, efficiency is about unlocking resilience and growth. The days when efficiency was relegated to the operations team are over. Rising energy costs, unpredictable supply chains and mounting regulatory scrutiny have made energy efficiency a strategic priority. Organizations that recognize it as a core business lever, as opposed to just an operational afterthought, are outperforming their peers. It’s fair to say that it’s not just at the company level where this drive to decarbonize has supported growth.

For instance, in 2022, "the EU had reduced greenhouse gas emissions by 34% compared to 1990 levels, with a 54% increase in GDP." Energy efficiency now means smarter and more adaptable operations. It’s about using resources intelligently to drive profitability, agility and sustainability. The International Energy Agency calls energy efficiency the “first fuel” of the clean energy transition, but for business, it’s also the first fuel for competitive advantage. "The world is wasting too much energy" Our President and CEO, Kim Fausing, spoke to Forbes this week to discuss why the world can’t afford to ignore the importance of #EnergyEfficiency if we are... In this extensive interview, Kim covers how businesses and governments can deploy solutions that are already available to reduce global energy demand, and the short payback times these solutions offer, which was outlined in...

What a way to start this month with an awesome thought piece and do expect more content on electrification right here 😁 #Danfoss #DanfossMoment #EnergyEfficiency #WhyEE #ParisAgreement #GreenTransition Justin Bacro-Duverger, MBA reposted this The world is wasting too much energy. I had the pleasure to speak to Forbes how crucial it is that we reduce our energy demand if we are, globally, going to have a chance at honoring the Paris Agreement. Together, we can change this and turn the tide by deploying Energy Efficiency solutions. Energy efficiency has been known to be the cheapest, most effective form of emissions reduction for decades.

As the International Energy Agency (IEA) has said, at least a third of all emissions reductions must come from efficiency. It’s not magic. We have the solutions, it’s a good investment and payback time is shorter than ever. So let’s make it happen! https://lnkd.in/eiYbSCwX #EnergyEfficiency #WhyEE #ParisAgreement #GreenTransition The world is wasting too much energy.

I had the pleasure to speak to Forbes how crucial it is that we reduce our energy demand if we are, globally, going to have a chance at honoring the Paris Agreement. Together, we can change this and turn the tide by deploying Energy Efficiency solutions. Energy efficiency has been known to be the cheapest, most effective form of emissions reduction for decades. As the International Energy Agency (IEA) has said, at least a third of all emissions reductions must come from efficiency. It’s not magic. We have the solutions, it’s a good investment and payback time is shorter than ever.

So let’s make it happen! https://lnkd.in/eiYbSCwX #EnergyEfficiency #WhyEE #ParisAgreement #GreenTransition Yes it’s urgent to deploy energy efficiency solutions. Everyone could do something !! Very welcome article and White Paper. Keep up the good work!

Almost 2/3rds of energy is lost due to inefficiency and the release of heat (which could often be reused). Imagine the screaming if the income tax rate was 67%. Yet, most people just accept this self-imposed tax on waste. My house used 1/6th the energy of a typical house built at the same time (1996) - just from good design and basic building science. I drove the effort at Texas Instruments on energy efficiency, and we doubled our global manufacturing energy efficiency in less than 10 years - at a profit. I wrote a book about it all: The Joy of Efficiency https://joyofefficiency.com.

We 100% agree. That's why we exist. Many people don't even realize how much energy is wasted in commercial HVAC systems due to corrosion and heat transfer. You should check us out. Protecall.com Our President and CEO, Kim Fausing, spoke to Forbes this week to discuss why the world can’t afford to ignore the importance of #EnergyEfficiency if we are to have a fighting chance at keeping...

In this extensive interview, Kim covers how businesses and governments can deploy solutions that are already available to reduce global energy demand, and the short payback times these solutions offer, which was outlined in... Read more: https://lnkd.in/evVgygwf #WhyEE #GreenTransition A fresh look at why the potential of energy efficiency isn’t being maximized for a meaningful energy transition. #energytransition #energyefficiency #carbonneutrality #emissionsreduction Energy Efficiency is not being ignored. It is just much harder (and more expensive) than it looks.

“Europe still has 500 million radiators without a thermostat – adding them could have an immediate impact. In Singapore, efficiencies resulted in reducing the energy bill for cooling by 40% while also cutting emissions equivalent to 10,000 cars. The real challenge is that efficiency is about a lot of little changes that add up to a major impact. Fausing points out that we have the necessary technologies but there is a lack of an overall approach and co-ordination and says: “It’s hard because there is a limited degree of masterplan available. We have these goals but we need an implementation plan with a clear path on how to get there.” At the same time however, it can be easier to understand and assess the impact... Inicia sesión para ver o añadir un comentario.

Why is #EnergyEfficiency being ignored? Kim Fausing, Danfoss president and CEO, recently had the opportunity to speak with Forbes about the importance of addressing the global energy demand. During the interview, Kim also discussed what practical, cost-effective solutions are available today. By investing in these energy efficient technologies, we can reduce our overall emissions and protect the world of tomorrow. Read the full article here: https://lnkd.in/evVgygwf #WeAreDanfoss #Whyee #GreenTransition #innovatetoday It seems like we have 500 million “low hanging efficiency gain fruits” knowing we have same number of radiators in EU without a thermostat

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