Switzerland, Zurich: ABB announced at the UN Climate Summit in New York that it is joining the United Nations Environment Programme’s global action on improving appliance and equipment efficiency.
The company will provide expertise on energy efficient transformers and motors to help governments devise policies that accelerate energy savings.
“ABB is excited to be part of the United Nations initiative and to contribute to decoupling economic growth from energy consumption and emissions.” said Ulrich Spiesshofer, CEO of ABB.“ Many cost- and energy-efficient technologies are already available. The biggest contribution that governments and businesses can make to fighting climate change in the short term is to drive the implementation of existing, tested and often low-cost technologies for using energy more efficiently.”
Transformers account for about 3% of global electricity consumption and their number in emerging markets is set to almost triple by 2030. Since the most efficient transformers consume 80% less electricity than the least efficient, the opportunities for savings are vast.
The United Nations Environment Programme expects that the global transition to efficient appliances and equipment would reduce global electricity consumption by about 1,500 TWh by 2030, which is equivalent to 8% of today’s global electricity use.