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June 23, 2012

New Study shows that ambitious efficiency standards in the EU can save 110 nuclear power plants.


Massive economic and environmental gains through EU Ecodesign Directive

 

The EU Ecodesign Directive aims at reducing the environmental impact of a number of products sold in the EU, with emphasis on their energy consumption.  In a study published today on behalf of the Dutch environmental organisation Natuur en Milieu, Ecofys investigated the environmental and economic potential related to the Directive.

 

A correct implementation of the EU Ecodesign Directive would yield yearly savings of up to 600 TWh of electricity and 600 TWh of heat in 2020, equivalent to 17%, respectively 10% of the EU’s total electricity and heat consumption. This would translate into 400 Mtonnes of CO2 emissions annually in year 2020, comparable to the impact on greenhouse gas (GHG) emissions expected of the EU Emissions Trading System (ETS). In addition to these energy and emissions savings, the study identified important economic benefits:

 

- Net savings for European consumers and businesses of €90 billion per year (1% of EU’s current GDP) in year 2020.

 

- Reinvesting these savings in other sectors of the economy would result in the creation of one million jobs.

 

- Dependency on imports of energy would be reduced by 23% and 37% for natural gas and coal, respectively. This means the EU could slash natural gas imports from Russia by more than half and imports of coal from Russia could be stopped altogether.

 

 

These benefits risk being left untapped unless policy makers in Brussels and European capitals pay more attention to the correct implementation of the Ecodesign Directive,

 

 

Source: ECOFYS

Full Study: ECOFYS


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