Pathways to Increasing the Rate of Energy Efficiency
SEforALL Side Event at the 24th World Energy Congress
Energy efficiency remains the cheapest, easiest step to help reach Sustainable Development Goal 7 (SDG7) on clean and affordable energy for all while simultaneously decarbonizing the global economy, cleaning the air we breathe, and expanding energy access. However, on the eve of the final decade to achieve the SDGs, we are still missing the mark on investment needed for energy efficiency. In addition, the pace of progress of improving energy intensity is declining. We need to look towards initiatives that create and reinforce successful energy efficient measures.
SEforALL’ s session will focus on the policy reforms and financial innovations that will be needed to achieve the increasingly ambitious target of annually increasing the global rate of improvement in energy efficiency by 2030 to meet SDG7 targets. Governments and businesses need to embrace an Energy Efficiency First approach as a way to realize cost-effective emissions reductions and deliver environmental and social benefits. The session will focus on the nexus between SDG7 and other SDGs, how innovative energy efficient finance solutions can target the poorest and provide successful examples of how to create and enforce energy efficient policy with a focus toward achieving the SDGs.