Over 100 Financial Institutions Mobilized to Increase Global Investment in Energy Efficiency

Energy efficiency is key as climate change action as well as for sustainable development. It is the measure expected to bring half of all emissions reductions needed to reach a peak in greenhouse gas emissions by 2020 and stay within a 2°C global average temperature increase scenario. It brings multiple benefits such as improved resource efficiency and industrial productivity, strengthened energy security as well as better health and wellbeing conditions. Yet, a lack of visibility and clear focus on energy efficiency, together with insufficient investments, have left most of this potential untapped.
Bridging the energy efficiency finance gap will require financial institutions to channel more capital flows for energy efficiency as well as policy-makers to address barriers and stimulate energy efficiency investment through supportive policy frameworks. Energy efficiency is relevant for all countries, either developing, emerging or developed.