Pathways to World-Class Energy Efficiency in Belgium
To provide a fact base for discussions on energy efficiency in Belgium, McKinsey & Company collaborated with the Federation of Enterprises in Belgium (FEB-VBO) and developed a perspective on pathways leading to world-class energy efficiency in Belgium. This study builds on McKinsey’s Global Greenhouse Gas Abatement Cost Curve and more than 10 national GHG abatement cost curves developed over the past 3 years (cf. www.mckinsey.com/clientservice/ccsi).
Our analysis shows that Belgium has the potential to save 5 billion euros and stimulate its economy by aggressively pursuing energy efficiency measures. Belgium’s energy efficiency is currently among the lowest in Europe and the initiatives already planned or implemented to improve it will not do enough to keep the country in step with the rest of Europe, nor meet its international targets.
We identified an energy savings potential of 29% in 2030. The opportunity is concentrated in the three most energy-consuming sectors: in Buildings (48% reduction potential of energy consumption by 2030), Industry (22%) and Road Transportation (21%). Capturing this potential would also reduce greenhouse gas emissions, stimulate job creation, create new markets and improve the competitiveness of the Belgian economy.
Read full report (in English)
Read executive summary (in English)
Read executive summary (in Dutch)
Read executive summary (in French)