Higher Energy Efficiency Target Would Boost UK Economy

THE Guardian reports today that improvements in energy efficiency across the UK would produce a massive economic boost.

The conclusions come via unpublished EU figures and through a study by independent consultants Cambridge Economics, which were obtained through an information request by the World Wide Fund for Nature (WWF).

The Guardian in reporting on the study's findings reveals that: “A 40% cut in energy use by 2030 through efficiency measures would increase the UK’s GDP by £62bn and create 40,000 new jobs….Hitting a lower target of 30% would create 13,000 jobs and boost the economy by £17.3bn.”

With EU energy and environmental ministers meeting in Milan to set energy efficiency targets for 2030, with a potential binding energy efficiency target of 30% and pressure to see that raised, these figures underline the huge benefits from improved energy efficiency.

The revealed figures are part of the energy saving cost and benefits assessment for the European Commission, but have not been officially published.

The Guardian comments that environmentalists think the EU wanted these figures to remain hidden. Read the full article here.

Picture of Ratcliffe Power Plant, UK, by Alan Zomerfeld, reproduced under CCL.

Monday 6th October 2014

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