Energy Efficiency Finance Task Group (EEFTG)

The Energy Efficiency Finance Task Group (EEFTG) aims to enhance capital flows for energy efficiency investments in G20 economies. It also serves as a forum for G20 policy makers to share best practices in policies and financial instruments through peer-to-peer workshops and direct engagement with members of the private and public finance community, industry and international organisations.


Why does financing matter for energy efficiency?

Membership 

Leading members: France and Mexico.
Participants: Argentina, Australia, Brazil, Canada, China, the European Commission, Germany, India, Mexico, Russia, South Africa, South Korea, the United Kingdom and the United States. Supported by various international organisations including the International Energy Agency (IEA), Organisation for Economic Co-operation and Development (OECD), the European Bank of Reconstruction and Development (EBRD), United Nations Environment Programme Finance Initiative (UN Environment Finance Initiative), Sustainable Energy for All initiative and the CEM's Clean Energy Solutions Center.

Recent developments

The task group achieved a number of milestones in 2017. Most notably, it developed and released the G20 Energy Efficiency Toolkit, which was produced in partnership with UN Environment Finance Initiative and the IEA. Building on three years of the EEFTG’s work engaging policy makers and private and public financial institutions, the Toolkit:

  • Provides voluntary options for policy makers, private financial institutions and development banks to scale up energy efficiency investments.

  • Tracks progress towards the G20’s Voluntary Energy Efficiency Investment Principles.

  • Highlights best-in-class approaches to increasing energy efficiency investments.

  • Presents 27 case studies showcasing national best practices from across G20 economies.

  • Received acknowledgement from G20 leaders by direct reference in the G20 Climate and Energy Action Plan for Growth, adopted in July in Hamburg, Germany.

In addition, in 2017 the EEFTG:

  • Organised and participated in over 20 events, including technical engagement workshops, webinars and meetings which together involved nearly 3,000 representatives from governments and finance communities around the world.

  • Engaged and consulted national agencies, international organisations, and high-level groups such as the G20 Energy Sustainability Working Group and G20 Green Finance Study Group, among other partners. This engagement was complemented by bilateral dialogues to ensure visibility and ownership of the G20 Energy Efficiency Investment Toolkit by IPEEC and nonIPEEC countries.

  • Presented the Toolkit at numerous high-profile events, such as: COP23 in Bonn, Germany; a side event of the One Planet Summit in Paris, France; and the second National Energy Efficiency Congress in Buenos Aires, Argentina.

The EEFTG will continue to address the critical investment challenges facing G20 countries as they sustainably develop their energy systems in line with their commitments under the Paris Agreement.


Publications

The latest publications for this task group can be found on the Publications page.

Further information