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Efficiency and innovation could slash energy demand growth

Rising costs and improving technology will be the driving forces behind future energy

The future of energy is all about efficiency. That is efficiency in transport, buildings, industry, as well as commercial and residential sectors. Taken together, the potential to cut energy demand growth over the coming decades is tremendous. Even the International Energy Agency (IEA) says that efficiency is the world’s most important fuel –describing it as a “hidden fuel yet hiding in plain sight”. The Paris-based adviser to the 28 OECD nations says “the scale of recent investment in energy efficiency worldwide makes it as significant in its contribution to energy demand as investment in renewable energy or fossil fuel generation”. Indeed, oil, which dominated the 20th century, seems to

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