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Page added on January 30, 2008

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High Oil Prices Boost Energy Efficiency – Report

High oil prices have spurred countries to use energy more efficiently, a report by an energy industry group said, but the authors say concerted government action is still needed to encourage less waste.

The World Energy Council, whose members include energy companies and government bodies in 90 countries, said a study it commissioned showed the long-standing trend of countries using less energy to generate each dollar of GDP had accelerated in the period 2000 to 2006, when oil prices hit new highs.
Over the period 1990 to 2006, energy productivity increased at an average rate of 1.3 percent, but from 2000 to 2006, productivity grew 1.5 percent per year.

China was the principal exception, with its improvement in energy productivity falling to 1 percent per annum in 2000-2006 from 7.5 percent per annum in 1990-2000, as its economic growth soared to double-digit levels.

The development of more efficient technologies over time generally allows countries to use less energy to perform the same tasks. However, total energy use still tends to rise as increased wealth prompts greater overall consumption.

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