EFFORCE
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EFFORCE

EFFORCE — Energy Efficiency. Reinvented

Energy efficiency: a new start for the global economy.

The latest ILO (International Labour Organization) report, published last April, defined the impact of the pandemic on hours worked and income to be massive and on a global scale.

The total or partial closure of production activities during the emergency has affected approx. 81% of the global workforce: 3.3 billion workers.
And again according to forecasts, in the second quarter of 2020 the number of hours worked worldwide will be reduced by 6.7%., equivalent to 195 million full-time workers.

In this scenario, an authoritative endorsement came from the IEA, International Energy Agency, which clearly indicated energy efficiency to now be a stimulus for the economic and employment growth of each nation.

The link between energy efficiency and employment growth has been known for years. Before the current crisis, approx. 3.3 million people were employed in Europe and the United States, most of them in small and medium-sized enterprises.

That is why governments today can, and in many cases are already doing so, drive economic recovery by putting precisely energy efficiency at the heart of development programs in multiple areas of activity, primarily construction and infrastructure.

From Australia to China and from the United States to Argentina and Great Britain, there are many nations that have decided to invest in infrastructure and major works to emerge from the crisis. For example, transport infrastructure, considered to be the sector with the highest growth in energy consumption. Future mobility infrastructure must be designed and implemented starting from the perspective of its sustainability, minimisation of environmental impact and optimisation of energy consumption.

The demographic increase that will bring billions of people to live in cities requires many nations to build new eco-sustainable buildings and to renovate existing energy-intensive and polluting ones. Not only residential buildings but also schools, hospitals and public buildings.

Energy efficiency projects in the building and construction sector not only drastically reduce energy consumption and CO2 emissions, but also have high employment potential.

In the United States, from 2009 to 2011, $11 billion in incentives for energy efficiency in residential, business and public buildings were allocated: these programs generated double the savings on energy expenditure compared to the investment and created over 200,000 new jobs throughout the country.

Again on the subject of green cities, relamping can also take on completely new perspectives. In 2019, the city of Rome installed 180,000 LED lamps, approx. 90% of the city’s public lighting system, halving energy consumption.

In India, within the context of the Street Lighting National Program, LED light bulbs were installed on 11 million street lights with a reduction in greenhouse gas emissions of 5 million tonnes/year and the creation of 13,000 jobs.

The numbers speak for themselves. Energy efficiency is of strategic importance, not only in combating climate change, but also in relation to the economic scenarios generated by the COVID 19 emergency.

And now that governments also understand its potential, we at EFFORCE are even more convinced to go ahead with our idea: promote the dissemination of energy efficiency projects worldwide.

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EFFORCE

EFFORCE

EFFORCE is the first blockchain-based platform which allows anyone to access tokenized energy savings worldwide.