How can international cooperation enhance energy efficiency investments?

Start/Stop Date:
10 Nov 2016
Organiser:
IPEEC
Venue:
Room 7 Green Zone
Focus Areas:
Present the key progress of international cooperation on scaling-up energy efficiency investments in the G20
Type of Event:
Conference

A side event organized by the IPEEC-G20 Task Group on Energy Efficiency & Finance (EEFTG)
10 November 2016, 7.00 – 8.30 pm, room 7 Green Zone

Energy efficiency is the highest priority to address the climate change challenge. It represents close to half of all action needed at the global level to reach the climate target while bringing key multiple economic and social benefits. To deploy energy efficiency at scale, a massive increase of investment is necessary at all levels, bridging a financing gap currently estimated at approximately $430 billion a year.

One of the six work streams coordinated by the International Partnership for Energy Efficiency Cooperation (IPEEC) to support energy efficiency cooperation in the G20, the Energy Efficiency Finance Task Group (EEFTG) gathers 14 countries in the aim to enhance global capital flows for energy efficiency investments. Co-chaired by France and Mexico, EEFTG has worked with policy and finance stakeholders in key geographies to develop a policy framework for countries to facilitate the acceleration of energy efficiency investment. Entitled Voluntary Principles for Energy Efficiency Investment for G20 Participating Countries, this framework was welcomed by energy ministers and embedded in the new G20 strategy on energy efficiency adopted by countries in June 2016.

In parallel, EEFTG engaged with the financial sector globally and leads an unprecedented mobilization of 40 investors jointly managing $4,000 billion of assets and 117 banks, all committing to increase their financing of energy efficiency.

The objective of this side-event is to present the key progress of international cooperation on scaling-up energy efficiency investments in the G20. It will discuss the key role of supportive high-level policies to help channel investments towards energy efficiency enhancement and leverage more private finance. The mobilization of private financial institutions and their progress in developing innovative approaches and products for the financing of energy efficiency will also be presented.

For more information and to register please contact jurei.yada@ipeec.org

Agenda

19.00 - 19.15 Setting the scene

Speakers

  • Benoit Lebot, Executive Director
  • Sylvie Lemmet, Director of International Affairs, French Ministry, Sustainable Development

19.15 - 20.00 Key achievements and way forward

  • Peter Sweatman, EEFTG
  • Remco Fischer, UNEP-FI
  • Stephen Hibbert, ING Bank UNEP-FI & CMIA
  • Wlliam Fellows; Meriem Elmandjra, Morseff

20.00 - 20.30 Moderated discussion