The World Bank expects Latin America's power consumption to more than double between 2010 and 2030, and estimates that $430 billion of investment will be needed to meet that demand. An even more intimidating perspective comes from a recent World Energy Council report, which concludes that between now and 2050, "even in the best case, the growth of energy supply in [Latin America] will still be insufficient to meet the rising energy demand associated with economic growth."
The well documented "Illusory Superiority" effect — also known as the Lake Wobegon Effect or the better-than-average effect — describes how most people think their skills and abilities are better than those of others, even though, by definition, it's not actually possible for everyone to be better than average. In reality, for most population distributions, about half of people are worse than average and half are better than average.
This week, the American Council for an Energy Efficient Economy (ACEEE) found that it costs utilities 2.8 cents on average to reduce electricity consumption by 1 kilowatt-hour. That’s two to three times less than it costs to generate the same amount of electricity at a power plant.
The Southeast Energy Efficiency Alliance recently found that for every $1 million invested in energy efficiency programs since 2010, an impressive $3.87 million in economic output and 17.28 new jobs were generated. The finding is outlined in SEEA's new report, "Energy Pro3: The Economic Impact of Energy Efficiency Investments in the Southeast," which evaluated the performance of a DOE-supported energy efficiency consortium from 2010 to 2013.