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Energy Efficiency

Philips calls for greater energy efficiency efforts during Doha climate talks

Energy efficiency - through technologies such as L.E.D. lighting - is the most effective means of lowering costs, improving competitiveness and significantly reducing carbon footprints, according a report by renewable energy consultancy Ecofys and the multinational electronics company Philips.

Speaking at Climate Change Conference in Doha, Philips urged the governments, businesses and society to further efforts on energy efficiency to maximize its full potential.

“L.E.D. lighting is a technology innovation that enhances efficiency and brings substantial savings. These savings can potentially be re-invested in cities and new infrastructures, thus enabling sustainable growth.’’ said Eric Rondolat, chief executive officer of Philips Lighting.

Based on the findings of “The benefits of energy efficiency – why wait?” report, which was commissioned by Philips especially for the United Nations climate talks, a full transition to energy efficient L.E.D. lighting would deliver significant energy savings that equal a reduction in the need for 640 mid-sized power plants and cost savings of about €130 billion ($164.74 billion).

“Energy efficiency measures hold enormous potential not just to make a significant contribution to curb global greenhouse gas emissions, but to cut energy bills for consumers and businesses, support green jobs and enterprises, and boost economies,” stressed Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change.

“In collaboration with key stakeholders including business and industry, governments need to step up measures that promote behavioural change and drive energy efficiency improvements across all sectors,” she added.

The report underscored that improving the efficiency of general electricity use by an additional 1 to 2 percent annually corresponds to the production of 2,500 to 5,000 mid-sized power facilities. This would lessen the need for capital investments in public energy infrastructure by between € 1-1.9 trillion ($ 1.3 - 2.48 trillion) by 2030, providing medium-term budget relief during a period of difficult economic conditions.

"Strengthening energy efficiency provides a twin-win for both the climate and the economy. It is one of the most powerful, cost-effective tools available to help meet our climate goals while also saving money for governments, businesses and consumers alike. Energy efficiency is essential for making sustainable energy for all a reality," said Dr. Kandeh Yumkella, the U.N. secretary-general for Special Representative for Sustainable Energy for All. – Ecoseed Staff

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