The G20 represents 84% of the world’s total economic output, more than 80% of primary energy consumption and 80% of greenhouse gas (GHG) emissions. G20 countries recognise that both energy efficiency and increased energy productivity are critical to boost sustainable economic growth in an increasingly resource constrained planet. Energy efficiency investments deliver multiple private and public benefits and can be scaled-up significantly to decarbonise economies and deliver these multiple national economic benefits and the goals of the Paris Agreement in the most cost-effective way.
This G20 Energy Efficiency Investment Toolkit (the “Toolkit”) represents the culmination of three years of collaborative work, by participating countries, international organisations (IOs), financial institutions
and country experts, to enhance capital flows for energy efficiency investments as compiled and supported by the G20 Energy Efficiency Finance Task Group (“EEFTG”). Launched by the G20 Energy Efficiency Action Plan in 2014, the EEFTG delivered the core policy component of this Toolkit (the Voluntary Energy Efficiency Investment Principles) as welcomed by G20 Energy Ministers in 2015. Since then EEFTG and its collaborators have rallied 122 banks, more than USD 4 trillion of institutional investors, leading public financial institutions and insurance companies in support of G20 countries’
ambitions to redouble their efforts and scale-up energy efficiency investments as articulated in the G20’s Energy Efficiency Leading Programme endorsed by G20 Leaders in 2016 and creating the platform for this Toolkit.
Sectors: Cross cutting, ESCO, Finance
Country / Region: GlobalTags: economic capital, economic growth, emissions, energy, energy efficiency, energy productivity, greenhouse gas emissions, insurance, primary energy, specific financing mechanisms
In 1 user collection: Investment, Finance & Risk Management
Knowledge Object: Publication / Report
Published by: EEFTG
Publishing year: 2014