Industry leaders discuss how increasing energy productivity is good for the bottom line.
Energy efficiency offers the biggest opportunity to make fast progress. For the industrialized world and fast growing economies this has to be top of the to-do list. Even for the least developed, such as Sub-Saharan Africa the second most energy intensive region in the world, reducing energy intensity now is smart growth.
The 2017 Global Tracking Framework that benchmarks progress on energy efficiency among other things will be released on April 3 at the SEforALL Forum. It shows that the top twenty energy consuming economies globally – defined as high-impact countries –accounted for more than 75% of global Total Primary Energy Supply (TPES), with four of these countries (China, the United States, India and Russia) accounting for nearly 50% of TPES. TPES peaked for high income countries in 2007, and has been in decline since 2012.
Final energy consumption intensities in industry, agriculture, services, and transport are all on a long-term downward trend, while the residential sector has had mixed results. Policies have been a key driver of the energy intensity gains thanks to their expansion over the last 15 years.
However, while progress on energy efficiency came even moderately close to the requisite pace of global improvement over 2012-14, it remains short of what is needed to meet 2030 objectives. To reach this objective requires global investment in energy efficiency to rise 3-6 times from current levels of around $250 billion a year.
EP100 represents a global, collaborative initiative of influential businesses that pledge to double their energy productivity. By doubling the economic output from every unit of energy consumed, companies set a bold target, demonstrating climate leadership while reaping the benefits of lower energy costs. The session will engage businesses from EP100 on actions they are taking to advance energy productivity and actions that can be taken to reach the SEforALL 2030 energy efficiency objective.