Posted AT 11:27 AM EDT on 27/11/07
Dim prospects that 'energy efficient' will pay off: CIBC
Improvements in efficiency have done little to reduce actual energy consumption, as consumers take advantage of those gains to drive bigger cars farther, or heat larger homes, CIBC World Markets Inc. economist Jeff Rubin says in a new report.
In a study released today, Mr. Rubin described an “efficiency paradox” in which technology improvements allow for better energy efficiency, but those savings are lost to greater consumption.
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