Page 17 - European Energy Innovation - winter 2019 publication
P. 17
Winter 2019 European Energy Innovation 17
CLIMATE CHANGE
need to prioritize investments in percent annually. This rate of Reconstruction and Development,
efficiency improvements and put in improvement, possible using existing and the EE Global Alliance – is
place minimum energy performance technologies, would deliver more building a coalition of countries,
standards and other policies that than 40 percent of the greenhouse businesses, and international
drive progress. Governments can gas reductions needed to meet Paris organizations that are committed
also remove incentives for fossil fuel Agreement targets. In other words, to realizing a three percent global
energy production and consumption, energy efficiency by itself can provide increase in energy efficiency each
shifting the emphasis to using less almost half of the climate solution. year.
energy in delivering desired services
rather than producing more energy. There are new initiatives driving the As nations develop their updated
needed focus on energy efficiency commitments under the Paris
The private sector must continue to collaboration and investment. The Agreement, they must make using
improve technologies, deploy better Three Percent Club – launched energy more efficiently a core part of
products, and share their experience in September by the United the approach. Energy efficiency is the
in energy management, particularly in Nations Environment Programme, single most cost-effective tool
developing countries. the International Energy Agency, for reducing carbon emissions.
Sustainable Energy for All and its Without a change in course and
With increased public-private Energy Efficiency Accelerators a more aggressive commitments,
collaboration, worldwide energy and Hub, the Global Environment we’ll keep missing too much of this
efficiency can improve by three Facility, the European Bank for opportunity. l
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