From British engineering to cement production in the Middle East, businesses are showing that smarter energy use can lower emissions and help to spur green growth after COVID-19.
Our EP100 2020 Progress and Insights Report 2020 tracks the rapid progress of energy-smart member companies improving their energy productivity. It reveals that by using the latest technologies, improving processes, and digitising use, just 33 EP100 companies have avoided 328 million metric tons of CO2 equivalent (CO2e) to date – more than the annual emissions of France. The transition is also good news for business, with a total of US$200 million in savings saved annually by the 22 companies able to cost up their energy savings.
Research by the International Energy Agency (IEA) shows that to avoid the most severe impacts of climate change, energy efficiency will need to deliver around half of the emissions cuts required by 2030.
Key findings
Fast progress
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62% average progress towards EP100 goal
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6.2% average annual improvement in energy productivity – twice the pace recommended by the United Nations
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3 in 4 members ahead of schedule
Carbon savings
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328 million metric tons CO2e avoided to date – more than France’s annual emissions
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57 million metric tons of CO2e avoided in the last year – equivalent to taking over 12 million cars off the road for a year
Energy savings
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936 terawatt-hours of energy saved to date – equivalent to almost three times as much electricity used in the UK every year
Cost savings
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US$200 million combined cost savings annually
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