Energy consumption fell by so much between 2000 and 2014 that the European Union has hit its 2020 target under the European Energy Efficiency Directive six years early.

Europe consumed 1,061 million tonnes of oil equivalent (Mtoe) in 2014, down from 1,133Mtoe in 2000.

The 2020 target set by the directive was 1,086Mtoe.The amount saved is equivalent to all the energy consumed by Finland.

Financial crisis blamed

“Reduced production of iron and steel – the highest energy consumption manufacturing subsector – has led to a 24% drop of the final energy consumption during the period 2000-2014,” said the European Commission Joint Research Centre.

“The financial and economic crisis has further affected the production.”

The amount of energy consumed by transportation systems rose between 2000 and 2014.

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