The Global economy has become much more energy efficient. But are there further gains to come?
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<title>Global economy has become much more energy efficient. But are there further gains to come?</title>
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<abstract displayLabel="Summary">This edition of Global Economy Watch focuses firmly on the outlook for the world economy. At a particularly turbulent political moment, this issue begins with an encouraging economic story: our ability to generate growth from energy is improving rapidly. This is a necessary development. Energy efficiency needs to get better if the world's economies are to meet their climate change abatement targets while continuing to grow. PwC's analysis suggests that the global economy has made significant strides in raising energy efficiency over the past 30 years, and our projections for the next 20 imply that there is still room for improvement. In this analysis, we identify two main drivers of this trend: structural change within large emerging markets and broader technological developments. There are important lessons for
business too: energy efficiency will be increasingly insisted upon by consumers and regulators alike. </abstract>
<note type="statement of responsibility">Mike Jakeman</note>
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