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 and governance

Leading members: France and Mexico.
Participants: Australia, Brazil, Canada, China, the EU, Germany, India, Korea, Mexico, Russia, South Africa, the United Kingdom and the United States, along with non-IPEEC member Argentina. 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) and the Clean Energy Solutions Center of the Clean Energy Ministerial (CEM).

Recent developments

Over the past few months, the EEFTG has focused on building upon the framework it launched in 2015 through the Voluntary Energy Efficiency Investment Principles for Participating G20 Countries, aiming to take this further by identifying best practices among its 15 country members to deliver policies that stimulate and support energy efficiency investments. At the same time, EEFTG has broadened and deepened its engagement with financial stakeholders. This is reflected in the following outcomes from 2016:

  • The results of a survey in member countries on the implementation of the G20’s Voluntary Energy Efficiency Investment Principles, which were presented at a G20 workshop in April 2016 in Shenzhen, China, along with solutions and best practices to enhance and raise the profile of energy efficiency investments.
  • New commitments from banks and investors to the EEFTG’s two energy efficiency finance statements. The declarations, promoted with UN Environment Finance Initiative, now include signatures from over 120 banks and investors totaling over USD 4 trillion of funds under management.
  • Organisation and participation in 18 specific EEFTG activities enabling contact with over 1,200 experts globally, including technical engagement workshops, webinars and meetings.
  • Engagement and consultation with multiple partners, including the G20 Energy Sustainability Working Group, G20 Green Finance Study Group, national agencies, international organisations and high-level forums, complimented by bilateral dialogue to secure support to the Principles from IPEEC and non-IPEEC members.

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