Countries Are Squeezing Energy, Cutting Back On Usage
Despite low oil prices countries are consistently becoming more sustainable, squeezing the energy they use for everything it’s worth.
That’s according to a report from the International Energy Agency, which shows that energy intensity, the measure of the amount of fuel used per unit of GDP, fell 1.8% last year, Bloomberg reports. That decline is triple the average rate seen over the past decade.
One reason countries are becoming more sustainable is spending—investment in efficiency totaled $221B last year, 66% more than what was spent on building conventional power plants. China was the world leader in making efficiency gains, reducing its energy intensity measure by 5.6% last year after investing $370B in efficiency between 2006 and 2014. [Bloomberg]
