Rome

Energy efficiency could save 22 billion euros, says study

Homes, businesses in Lazio region could save on energy

Energy efficiency could save 22 billion euros, says study

Rome, May 7 - Homes and businesses in Italy's Lazio region, home to capital city Rome, could save up to 22.1 billion euros through greater energy efficiency, says a study on sustainability released Tuesday. Over the decade from 2010 to 2020, more efficient energy use by businesses could save about 8.2 billion euros per year while residential use could be tightened to save about 12 billion euros annually. Those figures come from a report by Officinae Verde SpA, a joint venture between Italian bank UniCredit and the World Wildlife Fund Italy. The report was presented during a climate change conference organized by the Department of Political Science at Rome's LUISS University and the Euro-Mediterranean Centre on Climate Change (CMCC). According to Officinae Verde, about 40% of energy spending last year is attributable to businesses that could have cut their bill - and CO2 emissions - in half. Current trends in global warming mean that the global temperatures could rise by between four degrees C and six degrees C, "with devastating effects on ecosystems and our everyday life," said Riccardo Valentini of the CMCC.

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