At the 2nd Annual Euromoney-REEEPThe Renewable Energy & Energy Efficiency Partnership (REEEP) is a non-profit, specialist change agent aiming to catalyse the market for renewable energy and energy efficiency, with a primary focus on emerging markets and developing countries. Energy EfficiencyUsing less energy/electricity to perform the same function. Programs designed to use electricity more efficiently - doing the same with less. Finance and Investment Forum today in London, utilities, investment managers and energyThe ability to perform work, mainly kinetic, potential, thermal energy, but also in forms of gravitational, sound, elastic and electromagnetic energy. efficiencyUsing less energy/electricity to perform the same function. Programs designed to use electricity more efficiently - doing the same with less. experts spoke about the importance of energy efficiency in lowering carbon emissionsEmissions of greenhouse gases, greenhouse gas precursors, and aerosols associated with human activities, including the burning of fossil fuels, deforestation, land-use changes, livestock, fertilisation, etc. (IPCC).

Englefield Capital stated the market in Europe for energy efficiency, using existing technologies, is more than EUR 100 billion (excluding transportTransport includes all kinds of mobility, like cars, buses and airplanes.). However the energy efficiency market remains fragmented, covering insulationReferring to thermal building insulation in particular. Insulating materials are employed in order to reduce unwanted heat-loss or heat-gain which. This reduces the amount of energy required to heat up or cool down the building. Therefore insulation can increase energy efficiency., lighting, appliances, microgenerationMicrogeneration is the generation of zero or low-carbon heat and power by individuals, small businesses and communities to meet their own needs. and building fabric.

McKinsey spoke about “carbon productivity” (GDP/CO2Carbon dioxide (CO2) is emitted in several ways. Naturally through the carbon cycle and through human activities like the burning of fossil fuels. These human activities have increased CO2 concentrations in the atmosphere since the beginning of the industrial revolution and these high ...) stating that current global productivity is $740 GDP/CO2, however in order to meet target carbon abatement paths the number should increase to $7,300. The potential exists to cut world oil demand by 64 million barrels/day through energy efficiency with more than $570 billion in energy infrastructure investment required every year between 2010 and 2030.

UK utility nPower stated that they are seeking financial partners to “package and roll-out” EE products for consumers. In 2008, they launched a new product called ENCOMPASS which is a web-based tool that measures & monitors energy consumption(Final) energy consumption includes all energy supplied to to final user and includes all sectors, such as households, industries, agriculture….. “We are your energy advisor, not only supplier”.

British Gas is very interested in the clean energy space, having recently acquired a Solar Thermal installer (2nd largest in UK) and a building controls company. Utilities seem to be taking demand reduction seriously, even though initially saving energy appears counterintuitive for them.