Energy Efficiency, Climate and Environmental Policy: From Formulation to Implementation
Time & Date of Event
3:30 PM to 4:30 PM on Tuesday, 15th of November 2022
The key objective of this side event is to discuss the different aspects related to the formulation, adoption, and implementation of energy efficiency within the framework of a low-carbon future.
As most countries commit to go carbon-neutral by 2050, global energy demand is set to boom. As a result of economic and population growth, the EIA projects a 47% increase in energy demand by 2050. The majority of the growth in global energy demand is assumed to be driven by emerging economies, particularly developing Asian economies. Achieving climate sustainability will require drastic curtailment of GHG emissions worldwide. There is a common consensus that a low-carbon future will depend on both a mix of technological breakthroughs - enhancement of new systems and technologies performance- and substantial behavioral changes.
Investments in energy efficiency offer the potential to ease the tension between economic growth goals and sustainability pledges. Moreover, renewable energy targets that many countries have set depend heavily on how efficient their energy consumptions are.
This side event will focus on the value of energy efficiency, including economic, health, and well-being. Second, it will reflect on the barriers impeding energy efficiency in large deployments. Third, it will discuss the innovative policies needed to accelerate the process of implementing energy efficiency.
This session will take stock of the promise of energy efficiency, summarize gaps in existing policies, and recommend promising avenues for future action. It will also provide valuable policy guidance highlighting the potential/future energy efficiency priorities in emerging economy contexts.