With energy prices “stubbornly high” improved efficiency is key for countries looking to remain competitive, International Energy Agency (IEA) Executive Director Maria van der Hoeven says. Announcing the agency’s 2013 World Energy Outlook (WEO) in London on 12 April, she said the report highlights the importance of efficiency gains in improving competitiveness.

“Efficiency is now a focal point of energy policy making,” Ms van der Hoeven says. “There are pragmatic policies that governments can follow, yet we predict that two-thirds of potential energy gains to 2025 will remain untapped.” Governments can reduce the impact of high prices by promoting more efficient, competitive and interconnected energy markets, the WEO says. (CONTINUED - 728 WORDS)