Today’s release of the International Energy Agency’s (IEA) Energy Efficiency 2023 report shows that not enough progress is being made on energy efficiency. The report reveals a slowing in global improvements in energy intensity - the IEA’s primary measure of energy efficiency – and, in response, Danfoss President and CEO, Kim Fausing is calling on governments to commit to doubling the rate of energy efficiency improvements by 2030 at COP28 to limit global warming to 1.5C.
Much stronger policy packages of information, regulations and incentives, and a tripling of global investment in energy efficiency and electrification, is vital to double annual improvements in energy efficiency – from 2 percent in 2022 to 4 percent per year on average between now and 2030.
One of the most crucial keys to meeting climate goals will be energy efficiency as it is the single largest measure the world can take to reduce energy demand, says Kim Fausing, President & CEO of Danfoss. He says energy efficiency is, and always should be, the ‘first fuel’ for clean energy transitions.
Kim Fausing, President and CEO of Danfoss, says: “We need to see direct action on energy efficiency from leaders at COP28 if we are to limit global warming to 1.5C. We have virtually no chance of meeting our future energy needs, and certainly no chance of achieving net zero by 2050 if we don’t radically rethink energy efficiency as a key tool to decarbonize society.” For more information please visit www.danfoss.com.
He will play a crucial role in driving revenue growth by identifying new business opportunities, developing relationships with key stakeholders, and providing strategic leadership for distribution.
November 2025 AOTC Products
November 2025 AOTC Products
November 2025 AOTC Products
November 2025 AOTC Products
