Evaluating Building Energy Efficiency Investment Options for SA
This study suggests that energy efficiency programs in buildings can provide up to a 27 percent reduction in electricity consumption and a 30 percent reduction in peak electricity demand for Saudi Arabia.
- Investments in residential buildings are by far the most cost effective, with payback periods of less than a year for low cost energy efficiency programs. More ambitious plans with a wider scope have longer payback periods depending on the prevailing electricity price. This finding sits somewhat in contrast to the current focus of public policy on government buildings.
- The potential reduction in the need for new power generation capacity could drive up to around $28 billion in reduced capital expenditure over a 10-year period.
- Depending on the retail electricity price and scope of the efficiency program, the value of avoided energy consumption could be as much as $17 billion per year.
- We estimate that the measures explored in this report could generate up to 247,000 jobs per year by the end of a 10-year investment program.
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