Energy efficiency: a world business perspective

This paper sets out international business views on the importance of energy efficiency, based on business’s extensive experience and innovation in this area.
As suppliers and consumers of energy all over the world, ICC members strongly support and pursue economic approaches to energy efficiency. Energy efficiency makes sense to business in a wide range of sectors for compelling reasons. Efficient energy use:

• reduces costs (energy is an essential input to production, distribution and marketing of products and services);
• reduces emissions and other environmental impacts;
• extends the availability of large but non-renewable resources; and
• makes energy more affordable to consumers, not only by reducing use, but also by reducing the overall need for investments in energy supply. This is particularly important in developing countries where affordability to modern energy services is critical for development.
• improves competitiveness and improves overall productivity.