ArticlesThe paper highlights the significant energy consumption of the European Union's food sector, which comprised 17% of the EU's total gross energy consumption and 26% of its final energy use in 2013. Agricultural activities, including crop cultivation and animal rearing, represent the largest energy demand within the food sector. Food waste is identified as an area with considerable potential for energy efficiency improvements, particularly through bioenergy production. The paper reports that renewable energy use in the EU food system is low, with only 7% of food production and consumption energy coming from renewables, compared to the broader economy's 15%, while fossil fuels account for 79% of the food sector's energy. However, on-farm renewable energy production, especially biogas, is increasing and contributes to energy self-sufficiency as well as greenhouse gas (GHG) emission reductions. Advances in energy efficiency are noted, with a decrease in food sector energy consumption from 2005-2013, despite higher output. Innovations in recovering energy from food residues, as well as improvements in transportation and packaging, have been beneficial. Consumer behavior also has a significant impact on the food sector's energy footprint, influenced by dietary choices and efforts to reduce food waste. Lastly, the paper reviews EU and member states' policies and initiatives aimed at improving energy efficiency and increasing renewable energy in the food sector. An integrated approach is recommended to address the complexities of energy consumption in food production and its environmental impact.
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This article discusses institutional investors' perspective on energy efficiency and how metered efficiency could spur investment. It addresses financial institutions' growing interest in energy efficiency due to market potential, risk mitigation, carbon emission reduction, and regulatory pressure. Barriers like small project scale, heterogeneity, data scarcity, and performance risk inhibit investment. The concept of metered efficiency, akin to Power Purchase Agreements, is presented as a solution to align payment with actual energy savings, enhancing investability and quality assurance in energy efficiency projects.
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