Newsroom

G20 Energy Efficiency Investment Toolkit launched for world´s major economies to ...

03 May 2017

G20 Energy Efficiency Investment Toolkit launched for world´s major economies to further develop USD 221bn energy efficiency opportunity

As a significant milestone in the build-up to the G20 Leaders’ Summit in Hamburg on 7-8th July 2017, the Energy Efficiency Finance Task Group (EEFTG) has launched its contribution to this year’s G20 energy and sustainability dialogue: the G20 Energy Efficiency Investment Toolkit.

The Toolkit provides a set of voluntary and collaborative options for G20 countries to scale-up energy efficiency investments and realise the significant economic, environmental and social benefits of energy efficiency in their economies. The Toolkit collects experiences from 15 participating G20 countries, led by France and Mexico, and is produced and drafted by EEFTG with the support and input of multiple stakeholders led by the International Partnership for Energy Efficiency Cooperation (IPEEC), UN Environment Programme Finance Initiative, and the International Energy Agency.

As no single stakeholder group can address the G20 energy efficiency investment challenge alone, this Toolkit provides a collaborative architecture through which G20 policy makers can engage in a structured dialogue with innovators from different classes of financial institution and jointly develop the new business and financing models which are needed to scale-up energy efficiency investments.

Mr. Peter Sweatman, rapporteur and technical lead of the G20 EEFTG, said “[t]his Toolkit marks a turning point in G20 countries’ collaboration to scale-up energy efficiency investments and finance. With 122 banks, over USD 4 trillion of investors, leading public financial institutions and insurers now engaged on this critical issue, we have the public, private and policy framework and engagement through which to build the energy efficient future growth that our participating G20 countries together envision.”

Mexico and France, the co-chairs of the G20 EEFTG, are among the G20 countries engaged in a domestic Energy Transition where increasing energy efficiency investments is a strategic component of their national energy agenda. The respective country teams are particularly pleased with the way the Toolkit facilitates cooperation between both public and private financial institutions and G20 countries to develop and deliver tools to mainstream energy efficiency.

“Scaling-up energy efficiency investments has been seen to deliver multiple benefits to the Mexican economy and is a central part of our Energy Transition, as developed by our recently published Energy Efficiency Roadmap,” stated Mr. Santiago Creuheras Diaz, Director General for Energy Efficiency and Sustainability at the Ministry of Energy (SENER) of Mexico. “We strongly urge our G20 partners to engage to jointly develop new tools to achieve [the transition] through this new Toolkit.”

Others also voiced their support. Mr. Jochen Harnish, Head of the Climate and Energy Policy Unit at KfW Development Bank –a public financial institution which contributed to the Toolkit- stated, “[b]y endorsing the ‘Joint G20 Energy Efficiency Statement’ of public financial institutions, KfW underlines its strong commitment to promoting energy efficiency and to sharing best practices.” The statement of public financial institutions forms the basis of one of the Toolkit’s four main chapters (see below).

“For the energy transition that we face, energy efficiency has to be global, systematic, and deployed at the level of its known potential”, said Mr. Benoit Lebot, Executive Director of IPEEC. “To enhance energy productivity in G20 economies, embedding energy efficiency in investment processes is key, in particular through an enabling policy framework. The Toolkit addresses this important gap. I was very pleased to see the evidence and case studies showing strong progress by G20 countries in implementing the voluntary G20 energy efficiency investment principles. I encourage them to pursue implementation and focus more deeply on selected principles.”

In the context of the G20 Presidency, Germany, a key contributing member of the EEFTG, supported the launch of the Toolkit at the G20 Energy Efficiency Forum, a gathering of G20 country delegations and international experts in Hamburg directly prior to the meeting of the G20 Energy Sustainability Working Group (ESWG).

The G20 Energy Efficiency Investment Toolkit includes:

  1. An assessment of current energy efficiency investment by sector and region;
  2. A showcase for good practice exchanges on (i) enabling national policy framework design and (ii) implementing the voluntary Energy Efficiency Investment Principles for G20 participating countries;
  3. A report on “best in class” instruments and approaches to encourage and increase energy efficiency investments among different types of private sector financial institutions (banks, long-term investors and insurance companies); and
  4. A joint consensus among public banks and development institutions around “best in class” instruments and approaches to scaling-up their energy efficiency activities.

 

To download the Summary for Policy-Makers, please click here.

To download the Toolkit, please click here.

To download the Case Studies, please click here.

For more information on the G20 EEFTG, please click here.

For inquiries please contact jurei.yada@ipeec.org