Why save energy?
Energy prices have multiplied over the last few years while the energy demand continues to grow.
According to the American Energy Information Administration (EIA) and to the International Energy Agency (IEA), the world-wide energy consumption will continue to increase by 2 % per year on average unless action is taken.
Oil price: beyond $100 per barrel
Source: ASP0, June 2008, www.peakoil.net
See the current oilprices here
One of the reasons for the increasing oil prices is the fast decline in the fossil fuel reserves. According to ASPO, The Association for the Study of Peak Oil, we consume several times more conventional oil than we discover. That has made security of our energy supply a political headache as only a few countries, of which some are located in politically unstable regions, control most energy reserves today.
Oil enough?
80 % of the oil producing nations are facing or already struggling with a declining oil production. We are using many times more conventional oil than is discovered – putting supply and prices under even stronger pressure.
Andris Piebalgs, EU Commissioner for Energy
“The objective of a 20% improvement in energy efficiency in the EU by 2020 is, in my view, the single most important energy security policy that we could take.”
“The more we can slow energy demand, the easier our renewables and greenhouse gas emission targets will be. "
Andris Piebalgs
EU Commissioner for Energy
