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As energy efficiency continues to gain attention as a key resource for economic and social development across all economies, understanding its real value is increasingly important. The multiple benefits approach to energy efficiency policy seeks to expand the perspective of energy efficiency beyond the traditional measures of reduced energy demand and lower greenhouse gas (GHG) emissions by identifying and measuring its impacts across many different spheres.
A new analysis from the International Energy Agency has highlighted the growing importance of energy efficiency – in decarbonising energy markets, reducing emissions, aiding economic growth and supporting energy and international security. The term multiple benefits aims to capture a reality that is often overlooked: investment in energy efficiency can provide many different benefits to many different stakeholders, and among others also in housing sector (see the section “Household savings“).