In January 2024, the International Business Council (IBC) released a white paper where their research shows that there are many tangible actions that all businesses can take today to act on energy demand. The Transforming Energy Demand initiative outlines actions for businesses and Counties to enhance energy management, efficiency, and carbon intensity reductions.
The potential of this demand-side action is extraordinary, offering a short-term, cost-efficient 31% reduction in demand, shared across all economic sectors. These gains are deliverable now, at attractive returns, needing no new technology. Finding a way to reduce or even reverse the pace of energy demand growth while supporting economic output is critical. Actions on energy demand can be taken by all companies now, are profitable and can accelerate progress towards climate goals.
Key points of the Transforming Energy Demand White paper are:
- Why changing energy demand matters
- The three energy demand levers
- Business solutions
- Government leadership
https://www.weforum.org/publications/transforming-energy-demand/
Learn more about Renodis’s utility and energy services here: https://www.renodis.com/utility-energy/
