The Internet of Things (IoT) is emerging as an attractive paradigm involving physical perceptions, cyber interactions, social correlations and even cognitive thinking through a cyber-physical-social-thinking hyperspace. In this context, energy management with the purposes of energy saving and high efficiency is a challenging issue. In this work, a taxonomy model is established in reference to the IoT layers (i.e., sensor-actuator layer, network layer, and application layer), and IoT energy management is addressed from the perspectives of supply and demand to achieve green perception, communication, and computing. A smart home scenario is presented as a case study involving the main enabling technologies with supply-side, demand-side, and supply-demand balance considerations, and open issues in the field of IoT energy management are also discussed.