New whitepaper: Huge gap between energy demand and supply from renewables

New whitepaper: Huge gap between energy demand and supply from renewables

New whitepaper from Danfoss, the Danish family-controlled engineering group, published as COP27 kicks off highlights the urgent action to address the growing demand for energy. Danfoss President & CEO Kim Fausing says the build-out of renewables will not be even near sufficient if we don’t curb our demand for energy.

The whitepaper is published as world leaders meet in Egypt for the COP27, offering practical policy recommendations for urgent action that political, corporate and community leaders must consider before, during and after COP27.

The new whitepaper refers to the drastic acceleration in demand for cooling in the Global South as a case in point.

Kim Fausing says: “The world, particularly Europe, is following a one-sided approach to the energy crisis, focusing solely on the supply of energy, not enough on demand. For every dollar spent on energy efficiency, we can avoid spending more than 2 dollars on energy supply. The technology is available, and energy efficiency solutions can be used today across all sectors. If we don’t act now to address the growing demand for energy it will be extremely difficult and more expensive to meet the Paris Agreement goal of staying below 1.5 degrees warming.“

Danfoss, which has been operating in Egypt for