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Countries Are Squeezing Energy, Cutting Back On Usage

Four contracts have been awarded as Ireland looks to massively boost offshore wind power.

Despite low oil prices countries are consistently becoming more sustainable, squeezing the energy they use for everything it’s worth.

That’s according to a report from the International Energy Agency, which shows that energy intensity, the measure of the amount of fuel used per unit of GDP, fell 1.8% last year, Bloomberg reports. That decline is triple the average rate seen over the past decade.

One reason countries are becoming more sustainable is spending—investment in efficiency totaled $221B last year, 66% more than what was spent on building conventional power plants. China was the world leader in making efficiency gains, reducing its energy intensity measure by 5.6% last year after investing $370B in efficiency between 2006 and 2014. [Bloomberg]