Energy efficiency has taken on a new level of importance both domestically and internationally. Efficiency has long been a key element in utility resource planning, business competitiveness, and household energy budgets. Now it is slated to play a central role in meeting domestic targets under the Clean Power Plan and international agreements to reduce carbon emissions, both formalized in the past year.
Efficiency is widely recognized as the lowest-cost pathway to meet these goals, but in order to bring it to the scale necessary, global investment in efficiency will need to exceed $10 trillion over the next 20 years. The efficiency revolution will be impossible without effective financing options.