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 Möller, 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

Watch the session live from the Swedish Pavilion