The International Energy Agency (IEA) report emphasises the evolving energy landscape, urging global adaptation of traditional energy efficiency policies for clean energy transition. Focused on leveraging existing foundations, the analysis suggests expanding established tax credits for heat pump adoption and enhancing outdated efficiency standards.
With the buildings sector witnessing increased energy demand, particularly for space cooling, the report projects a surge in electricity consumption, driven by heat pump adoption and electrification. Smart technologies, like sensors and controls, facilitate efficient electricity consumption and demand response, benefiting both consumers and manufacturers. Progressive demand response policies, exemplified by California and Korea, showcase the evolution toward smarter, more effective regulations.
