Energy Service Companies in Nationally Determined Contributions- ‘ESCOs in NDCs’ – the energy efficiency accelerator for climate action

We hereby invite you to a side event exploring ESCOs effectiveness in unleashing investments for energy efficiency, and their role in achieving the goals of the Paris Agreement by realizing national and sub‐national governments’ energy efficiency potential. The event is co‐organised by:

• The Global ESCO Network
• The Spanish National Research Centre on Energy Environment and Technology, CIEMAT
• Chile’s National ESCO Association, ANESCO
• Spain’s National ESCO Association, ANESE

Join our ESCOBAR after the event to mingle with participants, panellists and ESCO practitioners to further explore opportunities to bring the ESCOs into action for your climate objectives.

Background

Energy Service Companies ‐ ESCOs ‐ deploy a business model that responds directly to the global climate change challenge. It represents the prime implementation instrument of large scale energy efficiency measures. Promotion, development and global deployment of the ESCO approach is therefore essential to achieve the full potential of energy efficiency solutions and thus helping to achieve the goals of many NDCs in a cost efficient manner, ultimately underpinning the fulfilment of the Paris Agreement.

The growing urgency of decisive responses to a rapidly changing climate should imply a prominent role of ESCOs and their promotion, from national and sub‐national policies and strategies to the global climate change agenda at the highest UN level. However, this is a role that the ESCO concept is yet to attain.

The side event will present panel discussions with ESCO practitioners and government representatives, providing prime examples on ESCOs’ ability to realize countries’ and cities’ energy efficiency potential and considerations for the future role of ESCOs in the international climate agenda.