Energy Efficiency for Sustainable Development
Together with our partners, this programme supports progress on energy efficiency by matching energy efficiency solutions to country and sector needs, supporting increased political commitment, setting a clear narrative with enhanced knowledge products as well as driving the development of a central fund for technical assistance and the implementation of energy efficiency solutions.
As energy efficiency is not "visible", it is often not given the policy and investment priority it needs to deliver the Sustainable Development Goals. As a result, the energy efficiency rate of improvement has declined, leaving it well below the level needed to achieve the SDG 7.3 target. However, energy efficiency has the potential to cost-effectively contribute 40 percent of the emissions savings goals of the Paris Agreement, and it will accelerate SDG 7.1 energy access progress.
As a founding partner of the Three Percent Club, Sustainable Energy for All (SEforALL) will support countries to convene, commit, strategize, learn, implement and communicate energy efficiency progress.
While much of the commitment needs are economy-wide, investment needs are within each sector, where SEforALL will partner through the Three Percent Club to deliver investment in sustainable buildings, cities, industry, transport, products and services to support achieving sustainability in cross-sector activities including cooking, cooling, education, food, gender equality, health, jobs and productivity that support the Sustainable Development Goals.
SEforALL will support partners and countries to increase or redirect spending to cost-effective energy efficiency investments with a goal of achieving nearly USD 600 billion per year of new investment by 2025 (a sharp increase from the USD 240 billion invested in 2019). To support this goal, activities over the next three years will include working with partners to support public commitments in 20 countries, support training on energy efficiency for 40 countries, and generating evidence and a clear narrative of energy efficiency with enhanced tools and resources accessible to more people in more countries.
You can get in touch with us at efficiency@SEforALL.org
The "Tracking SDG7: The Energy Progress Report 2020" shows that the average annual rate of energy intensity improvement in global primary energy intensity was only 2.2 percent between 2010 and 2017. Annual improvement until 2030 will need to average 3 percent to meet the target set in SDG 7.3. Asia is where more continuous improvements are seen than in any other world region – primarily in East Asia and South-East Asia energy intensity improved by an annual average rate of 3.3 percent. The increasing share of renewables in electricity supply also improves the supply efficiency by eliminating the losses that accompany the conversion of primary (non-renewable) fuels into electricity.
The EE Global 2020 webinar "Three Percent Club: Maintaining Climate Momentum in the Time of COVID-19" focused on the importance of maintaining climate and energy efficiency goals during the current public health and economic crisis. The virtual roundtable discussed the Three Percent Club’s goals within the context of the COVID-19 crisis and how its collaborative platform can provide support to countries as they navigate the current economic and geopolitical situation and look ahead at plans for the coming recovery.
In its latest "World Energy Investment Report" the IEA found that the annual energy efficiency investment was flat at USD 250 billion in 2019, while increased investment is needed to achieve SDG7.3 targets. Energy efficiency spending is set to fall in 2020 with the economic downturn, while a recession could trigger spending cuts of over 10 percent in key sectors for energy efficiency spending, if the last economic crisis is a guide. Energy efficiency investment in 2020 is more reliant on government policy than ever.