Book contents
- Frontmatter
- Contents
- Executive Summary
- 1 Energy: A Strategic Necessity
- 2 Developing a Holistic Energy Policy
- 3 Dawn of a New Age: Global Energy Scenarios to 2030
- 4 Geopolitics of Oil and Gas: Challenges in a Turbulent Oil and Gas Industry
- 5 Regional Outlook on Energy Security: Who Wins in the Asian Scramble for Oil?
- 6 Sustainable Development and Energy Efficiency
- 7 World Energy Outlook
- 8 Prospects for Renewable Energy in Asia and Its Role in Energy Security
- 9 Enhancing Energy Security in Asia: The Role of Governments
- 10 Closing Remarks
- 11 Conclusions
- Conference Programme
6 - Sustainable Development and Energy Efficiency
Published online by Cambridge University Press: 21 October 2015
- Frontmatter
- Contents
- Executive Summary
- 1 Energy: A Strategic Necessity
- 2 Developing a Holistic Energy Policy
- 3 Dawn of a New Age: Global Energy Scenarios to 2030
- 4 Geopolitics of Oil and Gas: Challenges in a Turbulent Oil and Gas Industry
- 5 Regional Outlook on Energy Security: Who Wins in the Asian Scramble for Oil?
- 6 Sustainable Development and Energy Efficiency
- 7 World Energy Outlook
- 8 Prospects for Renewable Energy in Asia and Its Role in Energy Security
- 9 Enhancing Energy Security in Asia: The Role of Governments
- 10 Closing Remarks
- 11 Conclusions
- Conference Programme
Summary
Presentation by Dr Mike Allen, Finance Advisor to the Renewable Energy and Energy Efficiency Partnership (REEEP)
Sustainable Development and Energy Efficiency
Dr Allen began the session by citing a powerful statistic: energy efficiency can reduce energy demand by up to 50 per cent. He laid out the key issues which were to be covered by the panel, namely policy issues, the potential for using energy efficiency to achieve energy security and cost competitiveness, opportunities for energy efficiency in buildings and industries, and standards and labels.
Presentation by Dr Richard Bradley, Head of Division at the International Energy Agency (IEA)
Energy Efficiency: The Indispensable Component in any Energy Policy
Dr Bradley, speaking first, noted that energy efficiency is an essential component of any energy policy. Given the reality of climate change, there was a need to reduce emissions to net zero, which meant that the capital structure for energy needed to change. Governments would thus need to factor externalities into energy policy.
Dr Bradley stated that a successful carbon emissions policy must address four aspects, namely:
• The ensuring of energy security,
• Maintaining strong economic growth,
• Implementing environmental protection, and
• Bridging the welfare gap.
Dr Bradley commented that the IEA was committed to the view that energy efficiency was a large resource that can be tapped. He pointed to the example of the 1973 oil embargo, when the supply shock resulted in a movement towards improving energy efficiency. Under IEA projections, current energy demand would have been 50 per cent higher if the energy efficiency movement had not occurred. IEA predicted that current policies in energy efficiency would reduce energy demand by 15 per cent by 2030.
- Type
- Chapter
- Information
- Singapore Energy Conference 2006Summary Report, pp. 39 - 46Publisher: ISEAS–Yusof Ishak InstitutePrint publication year: 2006