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Greater Energy Efficiency Could Cut U.S. Exports in Half

The scale of global investment in energy efficiency and its contribution to energy demand are as significant as those of other developed supply-side resources, the International Energy Agency (IEA) said as it unveiled a new report that for the first time describes the wide range of energy efficiency activities worldwide in market terms.

The inaugural Energy Efficiency Market Report joins the IEA market reports for oil, gas, coal and renewable energy, highlighting the place of energy efficiency as a major fuel. The report notes that energy efficiency markets around the world drew investment of up to 300 billion in 2011, a level on par with global investments in renewable energy or fossil-fuel power generation. 

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