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Market transformation describes both a policy objective and a program strategy [1] to promote the value and self-sustaining presence of energy-efficient technologies in the marketplace. It is a strategic process of market intervention which aims to alter market behavior by removing identified barriers and leveraging opportunities to further the ...
Measurable energy conservation and efficiency gains in the 1980s led to the 1987 Energy Security Report to the President (DOE, 1987) that "the United States uses about 29 quads less energy in a year today than it would have if our economic growth since 1972 had been accompanied by the less- efficient trends in energy use we were following at ...
Common energy efficiency label on appliances to indicate their energy efficiency in a clear manner. Efficient energy use, or energy efficiency, is the process of reducing the amount of energy required to provide products and services. There are many technologies and methods available that are more energy efficient than conventional systems.
Energy efficiency gap exists in various sectors, ranging from households, small businesses, corporations, and governments. [5] Many policies and programs have been developed to overcome those barriers and close the energy efficiency gap. Subsidies and incentives for energy-efficient technologies.
Managing energy, peak demand and bills in community level may be more feasible and viable, because of the collective purchasing power, the bargaining power, more options in energy efficiency or storage, [24] more flexibility and diversity in generating and consuming energy at different times, e.g. using PV to compensate day time consumption or ...
The main goal of SEM is to help a company achieve continuous improvement in its energy performance over a longer-term period. Some energy benefits of SEM include reduced energy consumption through improved energy efficiency and energy conservation, improved peak demand management and reduced demand charges, decreased overall energy cost, reduced energy costs, greenhouse gas (GHG) emissions and ...
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Energy efficiency—using less energy to deliver the same goods or services, or delivering comparable services with less goods—is a cornerstone of many sustainable energy strategies. [ 36 ] [ 37 ] The International Energy Agency (IEA) has estimated that increasing energy efficiency could achieve 40% of greenhouse gas emission reductions ...