Energy Efficiency: Key to Fighting Climate Change and Meeting SDGs
Energy efficiency is emerging as a crucial strategy in the global fight against climate change. It could significantly reduce greenhouse gas emissions and help meet sustainable development goals. However, it requires a radical shift in thinking and consumption habits.
Currently, buildings account for a third of global energy consumption, yet many are inefficient. Improving energy efficiency in buildings can be achieved through stricter building codes, better insulation, modern heating and cooling systems, and integrating renewable energy sources. This could cut global energy demand by a third by 2050.
However, energy efficiency alone is not enough. It must be coupled with reduced consumption. This presents a challenge in our current consumption-based economic system. Addressing climate change requires wasting less food, energy, and other goods. Carbon pricing can also play a role by creating disincentives for using fossil fuels and encouraging clean energy.
Energy efficiency, coupled with reduced consumption and carbon capture and storage, could help limit global average temperature rise to 1.5°C. A global push towards energy efficiency can help meet sustainable development goals. Countries with older infrastructures and less stringent energy standards, such as the USA and some Southern European countries, stand to benefit significantly from improving building efficiency.
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