Energy Efficiency Finance Task Group (EEFTG)

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 by supporting countries to build robust, investment-grade policy and investment frameworks. 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. Read more

Membership

Lead member(s): 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 United Nations Environment Programme Finance Initiative (UNEP FI), IEA, OECD, and the European Bank for Reconstruction and Development (EBRD).

Energy Efficiency Finance Task Group (EEFTG)

Recent developments

Current activities

The EEFTG focuses on supporting governments in the implementation of the policy principles for energy efficiency investment by:

  • Exploring the development of G20 tools for scaling up energy efficiency investments, such as extending the EU’s de-risking database and publishing a global energy efficiency underwriting toolkit;
  • Strengthening bilateral engagement through technical engagement workshops and capacity building; and

Conducting further outreach activities around the G20 Energy Efficiency Investment Toolkit to support the scale up of energy efficiency investments.

Achievements

Since its establishment in 2014, the task group has:

  • Released the G20 Voluntary Energy Efficiency Investment Principles for Participating Countries in 2015 to enhance capital flows to energy efficiency investments through enhanced policy and private action;
  • Supported the development of a G20 Energy Efficiency Investor Statement issued by major private sector investors to fully embed energy efficiency into their investment processes;
  • Developed and launched the G20 Energy Efficiency Investment Toolkit in partnership with UNEP FI and the IEA in 2017, which presents voluntary options to scale-up energy efficiency investments, progress towards the G20 voluntary principles, and best-in-class approaches for investments from public and private financial institutions. The Toolkit contains commitments by 122 banks from 42 countries, USD 4 trillion of long-term asset managers and leading public financial institutions.
  • Organised and participated in technical engagement workshops, webinars and meetings (including COP21, COP22 and COP23, CEM6, 7 & 8, One Planet Summit, Bloomberg Summit 2015-17, EE Global 2015-16);
  • 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; and
  • Ran a finance investment survey on the implementation of the Principles in 2016, which secured new commitments from banks and investors to energy efficiency finance statements.

Related publications

G20 Energy Efficiency Investment Toolkit - Summary for Policy Makers

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G20 Energy Efficiency Investment Toolkit

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EEFTG Activity report 2016

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