Sustainability Blog

European Energy Efficiency Extraordinaries!

By Apurva Gosalia - Oct 06, 2022

The European Union has grappling with all-time high energy prices in 2022, following Russia’s invasion of Ukraine. Brussels has moved swiftly to reduce its reliance on Russian fossil fuels, hurried by the Kremlin constricting supply. Energy imports from Russia now account for about 9%, down from 41%. 

But while these initiatives have managed to strengthen European energy supply security, prices have continued to climb. Last month, an extraordinary Energy Council tried to ease pressure on domestic and commercial consumers through a range of legislative initiatives. Next week, is the first European Energy Efficiency Day.

States’ Savings

Energy Efficiency Day originated in the United States and is observed on the first Wednesday in October, which was yesterday! It’s a collaborative effort of dozens of energy efficiency advocacy groups around the country. Its message is “Save Money. Cut Pollution. Create Jobs.” 

Since the inaugural Energy Efficiency Day in 2016, this annual awareness event has been supported by hundreds of prominent advocates, organizations, companies, government agencies, utilities and others in the U.S. who showcase the benefits of energy.

Last year 66 universities, state, county and city governments issued proclamations for Energy Efficiency Day 2021. The U.S. Senate passed a resolution that officially designated October 6 as Energy Efficiency Day in 2021 “in celebration of the economic and environmental benefits” driven by efficiency!

(World Energy Efficiency Day was March 6 this year.)

European Efficiency 

Back in Europe, the first European Energy Efficiency Day conference is next week on October 13. It will bring together policymakers, businesspeople, civil society organizations and energy experts. Its goal is to create a platform to explore cost-efficient and socially fair decarbonization efforts and raise awareness of energy savings as the way forward to achieve the EU Green Deal.

According to the International Energy Agency’s Net Zero by 2050 report, achieving climate neutrality by 2050 requires pushing the average rate of energy efficiency improvements in the period 2020-2030 to about three times the average of the past two decades.

We can do this by massively scaling up energy efficient solutions for buildings, vehicles, home appliances and industry. This includes the lubricant industry, too.


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