Energy efficiency improvement offers significant cost-saving

Energy efficiency improvement offers significant cost-saving

Energy efficiency policies across sectors can help achieve substantial energy savings by reducing the need for investment in energy infrastructure, fuel costs and vulnerability to fossil fuel prices. Policymakers should improve the energy efficiency strategy by including well-defined best practice policies, implementation timelines and enforcement.

Energy efficiency measures in the NEXSTEP model are applied at the end-use level to estimate savings from measures such as Minimum Energy Performance Standards (MEPS), efficient cooking stove adoption, electrification of transport, improving fuel economy standards and industrial energy efficiency measures.