Peter Sweatman, Rapporteur
This report summarizes the work of the EEFTG during four years as a multi-stakeholder platform to bring together policy makers, financial institutions (FIs) and other actors to improve understanding of existing policy and technical gaps to scale up finance flows into energy efficiency investments.
During this period, the EEFTG worked actively to positively influence the practices of FIs and provide them with the proper set of tools so that they can effectively encourage the far reaching upgrades to the world’s industrial, built and infrastructure systems that are required to deliver an energy efficient global economy.
At present, global investments in energy efficiency are at a crossroads. Innovation in business models, financing practices, data management, digitalisation and technology is enabling the optimisation of transport, buildings and industry systems.
This report outlines comprehensive measures to unlock increased returns for investors are needed as much as ever. These measures are also necessary to accelerate the emissions reductions required to meet the targets of the Paris Agreement and to enlarge the market for energy efficient goods and services into the trillions of USD.
Highlights of the work of the EEFTG during 2019 include hosting the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology in June.
The summit is an official side-event to the 2019 Japanese Presidency of the G20 and occurred in the run up to the G20 Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth happening in Karuizawa, Japan. In addition, the summit resulted in the Tokyo Declaration where over 150 delegates and participants agreed to improve the visibility and energy performance of asset investments.