This paper outlines actions for businesses and countries to enhance energy management, efficiency and carbon intensity reduction. It highlights commercially beneficial levers, implementable with existing technologies, to impact the transition significantly.

Adopting measures for energy-efficient output and service delivery is essential for businesses and countries to sustain economic growth and achieve net-zero goals.

As the global population and energy demand rise, particularly in developing markets, implementing public policies and fostering value chain collaborations are key to managing energy consumption and reducing carbon intensity. This will help mitigate energy costs and supply issues and unlock commercial benefits, thereby accelerating the transition. At COP28, over 120 countries committed to doubling the pace of energy efficiency improvement, necessitating concrete, realistic plans.

Key findings:

• The value of action on energy demand is compelling: a possible 31% reduction in energy intensity and up to $2 trillion in annual savings if measures were to be taken by 2030.
• Finding a way to reduce or even reverse the pace of energy demand growth while supporting economic output is critical.
• Each sector needs a 'roadmap' to guide company and government action.
• Developing these plans is the essential next step in raising awareness and getting behind action on energy demand.