- This round-up brings you the latest developments in the global energy sector.
- Top energy news: Energy efficiency needs to double, says IEA; Tripling renewable capacity is key in run-up to COP28; China’s energy demand could peak by 2025.
- For more on the World Economic Forum’s work in the energy space, visit the Centre for Energy and Materials.
1. Energy efficiency needs to double, says report
Global energy intensity improved by just over 2% in 2022, but it needs to double to 4% annually by 2030 to meet global efficiency targets, according to International Energy Agency (IEA) data. If achieved, this would result in a 40% increase in economic output per unit of energy used.
More than half of the 150 countries analyzed by the IEA have achieved a 4% improvement at least three times in the past decade, and five G20 countries – China,…
