COP29
COP29 Live Stream: Energy Efficiency – How do we unlock the money for the doubling down target?
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Alfa Laval at COP29 - live stream from 14 November 2024
Financing and investments to double the rate of energy efficiency implementation by 2030 success factors, challenges and actions needed now.
Doubling the global rate of energy efficiency improvements could yield greater emissions reductions by 2030 than any other measure. However, this goal remains far from attainable under current policy frameworks. According to IEA analysis, advancing energy efficiency is a crucial step toward limiting global warming to 1.5°C by mid-century. Reaching this target requires enhancing the global economy's energy efficiency by over 4% annually, on average, by 2030. Nevertheless, IEA data indicate that the annual improvement rate slowed from 2% to just over 1% in 2023.
A large proportion of the investments in energy efficiency improvements will be private funding. How can industry and private sector contribute to unlocking the finance?
This session will be divided into three sub-sessions:
Panel 1 - The importance of doubling energy efficiency progress by 2030 and global leaders’ view on funding the doubling down target
Dr Fatih Birol, Executive Director of the International Energy Agency
Ditte Juul-Jørgensen, Director General for DG Energy of the European Commission
Daniel Westlén – State Secretary to Minister for Climate and the Environment
Berthold Goeke, Director-General for Climate Action, German Federal Ministry for Economic Affairs and Climate Action (BMWK)
Panel 2 - What role will policymaking, regulation, and incentives, play in funding the doubling down target?
Jon Creyts, CEO of RMI
Thomas Møller, Executive Vice President Energy Division in Alfa Laval
Demetrios Papathanasiou, Global Director General for the World Bank's Energy and Extractives Global Department
Marko Davila, Senior Social Development Specialist (Fragility and Conflict), European Investment Bank
Panel 3 -How can we unlock private (and public) funding for the doubling down target?
Mike Umiker, Executive Director of the Energy Efficiency Movement
Julia Souder, Chair of the Global Renewable Alliance
Dana Barsky, Global Head of Sustainable Strategy and Net Zero at Standard Charted
Lennart Blecher, Head of Real Assets, Deputy Managing Partner, EQT
Moderator:
Madeleine Gilborne, Vice president Energy division Alfa Laval and representative of the Energy efficiency movement
More about Alfa Laval at COP29: https://www.alfalaval.com/cop29