This document presents the final report for the study for a comprehensive assessment of the macro-level and sectoral impacts of energy efficiency policies. The report is a first attempt to apply this framework to make a comprehensive quantitative assessment of such multiple benefits and their trade-offs. It shows that enhanced energy efficiency in Europe beyond a 27% target for 2030 could led to substantial social, economic and environmental effects.
Parts of this report build on the work carried out for a previous study for the European Commission, Directorate-General for Energy (“The macroeconomic and other benefits of energy efficiency”), which focused on the economic, environmental and social impacts of improved energy efficiency in buildings.
The IEA’s authoritative report ‘Capturing the multiple benefits of energy efficiency’ (IEA, 2014) shows that the potential benefits from improved energy efficiency are not only socio-economic but could help to address a range of political, social, economic and environmental issues. In this study, we have divided these benefits into six impact areas:
- economy and labour market;
- the environment;
- social impacts;
- public budgets; and
- industrial competitiveness.
It is important to note that, although this report is structured around these six impact categories, there is considerable cross-over and interaction between many of them.
The analysis in the report estimates the positive and negative impacts of improvements in energy efficiency that could come about through a reduction of primary energy consumption, compared to a 2007 baseline projection, of 27%, 30%, 33%, 35% and 40% by 2030. The specific policy scenarios are described in Part II and the approach that was used to assess each of the six impact areas is described in Part III. Part IV presents the detailed results from the analysis and the key policy messages are outlined in Part V.
The report's results outline many potential benefits of improving energy efficiency in Europe over the period up to 2030. There are potential economic, social and environmental benefits, that increase in line with the degree of energy savings that is achieved. The targets for energy efficiency across Europe have now been set and it is up to policy makers to ensure that these targets are met in a way that enables society to realise these benefits.
To download the report, please visit the relevant European Commission webpage at the link below.