Energy Efficiency Potential: A Tool to Mitigate Energy Poverty

Energy efficiency is the policy or strategy that helps in reducing the amount of energy required to provide products and services through the use of efficient technology, procedures or methods that reduce energy losses while achieving same or better results (energy saving). Using the various energy efficiency methods as an approach for energy excavation will help save a large amount of energy for use as it provides an adequate, sustainable, and environmentally sound supply of energy to fuel global economic growth. A strategy that emphasizes energy efficiency is the most economically and environmentally sensible way of meeting the twin objectives of providing energy for sustainable development and avoiding dangerous interference in the climate system. This paper examines the various methods and approach of estimating the potentials of energy efficiency and how this can be applied to mitigate the current energy poverty across the globe.