A new policy report endorsed by the German Ministry of Environment confirms that opportunities and possibilities offered by a massive backing of energy efficiency measures are much greater than expected.
It finds that by 2050 Europe’s overall final energy demand could be reduced by 57% compared to the baseline with annual savings of $644bn (EUR500bn).
The saving potential in industrial heat generationà‚ is primarily due to a further diffusion of CHP technology replacing units of separate heat and electricity generation as well as to efficiency improvements of separate and combined heat generation technologies and considerable efficiency improvements in space heating technologies.
This new study came just months after the adoption in Germany of the third CHP Law setting an aggressive 25% objective by 2020, up from 14.5% in 2010, of electricity produced by cogeneration plants. The law features a series of policy instruments to more effectively tap into the national potential for cogeneration and supports both large industrial CHP plants and smaller and more flexible CHP units.
The report,”Contribution of Energy Efficiency Measures to Climate protection within the European Union to 2050” was commissioned by the German Ministry of Environment from the Fraunhofer Institute for Systems and Innovation Research ISI.
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