Energy Efficiency Offers Trillions in Potential Savings

A large part of the energy consumed in the United States every year is wasted through inefficient technology and transmission and heat loss. Energy efficiency is one of the simplest and most cost effective solutions to ensure cleaner air to breathe, mitigate the risks of climate change, increase the competitiveness of businesses, and reduce energy costs for consumers.

In comparison to renewable power technologies such as solar and wind, which attract a lot of attention, energy efficiency is the silent performer. According to experts, businesses and individuals across the world could save trillions of dollars by improving the energy efficiency of light bulbs, appliances, machinery and transport systems.

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Image Credit: Flickr via luis perez

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.