The G20 is taking our sustainable development seriously. An important area is energy and in the past few years the G20 has shown leadership by, in part, approving an energy efficiency action plan. That has unleashed and expanded a range of activities. The International Partnership for Energy Efficiency (IPEEC) Secretariat oversees and coordinates the G20’s energy efficiency work under the 2014 G20 Energy Efficiency Action Plan and 2016 G20 Energy Efficiency Leading Programme.
With Germany leading the G20 this year, activity related to energy efficiency has been further developed and expanded. Last week, one of the task groups, the Energy Efficiency Finance Task Group launched an investment toolkit.
The Toolkit provides a set of voluntary and collaborative options for G20 countries to scale-up energy efficiency investments and realise the significant economic, environmental and social benefits of energy efficiency in their economies. The Toolkit collects experiences from 15 participating G20 countries, led by France and Mexico. The UN Environment Programme Finance Initiative and the International Energy Agency also contributed to the toolkit.
As no single stakeholder group can address the G20 energy efficiency investment challenge alone, this Toolkit provides a collaborative architecture through which G20 policy makers can engage in a structured dialogue with innovators from different classes of financial institution and jointly develop the new business and financing models which are needed to scale-up energy efficiency investments.
The G20 Energy Efficiency Investment Toolkit includes:
- An assessment of current energy efficiency investment by sector and region;
- A showcase for good practice exchanges on (i) enabling national policy framework design and (ii) implementing the voluntary Energy Efficiency Investment Principles for G20 participating countries;
- A report on “best in class” instruments and approaches to encourage and increase energy efficiency investments among different types of private sector financial institutions (banks, long-term investors and insurance companies); and
- A joint consensus among public banks and development institutions around “best in class” instruments and approaches to scaling-up their energy efficiency activities.
The toolkit is available here.