Global trends of energy efficiency programs: 2010 to 2025

Energy demand is increasing in India because of development in industries, rising population, and evolving higher life style standards. Energy efficiency is a tool to achieve a variety of policy objectives, in terms of security of supply, climate change, a balance of trade and less investment to meet growing energy needs in developing countries and to address pollution problems. All OECD countries (Organization for Economic Co-Operation and Development) and an increasing number of Non-OECD countries are implementing a wide range of policy measures on energy efficiency. In this paper, we discuss various market-based policies adopted worldwide to achieve energy efficiency. Worldwide there is growing interest in the use of market-based policy instruments offer efficiency and flexibility advantages over more traditional energy efficiency approaches. The adoption of energy-efficiency laws with a strong component related to energy efficiency is a growing approach to reinforce the institutional setting for energy efficiency.