Mission Efficiency supporting the G20 International Seminar on Accelerating Energy Efficiency Progress and Promoting and Energy Efficient Lifestyle for Environment (LiFE).
May 2023. Mumbai, India.
Doubling energy efficiency is not a recent ambition but COP28 and the first Global Stocktake bring renewed hope and strengthen the global call for tangible action to achieve it. This momentum was fuelled by several milestones championing energy efficiency progress and climate action occurred earlier this year. The IPCC Sixth Assessment Report confirmed that net zero CO2 emissions is imperative to limit global warming and emphasized the importance of behavioural and lifestyle changes. India’s G20 Presidency highlighted energy efficiency as the first fuel and presented a Voluntary Action Plan on Doubling the Global Rate of Energy Efficiency by 2030. The Versailles Statement was endorsed by 46 governments, committing to the goal of doubling global energy efficiency progress within this decade. The Nairobi Declaration, called for accelerating efforts to decarbonize the global economy and promote shared prosperity for all. To mention some of the key moments this year.
The path to a just and equitable energy transition is a multifaceted challenge and while energy efficiency is not the only link in the equation, it remains the most costeffective one and a resource that exists in abundance. Doubling energy efficiency improvement, tripling renewable capacity, cutting methane emissions, and increasing electrification can deliver more than 80 percent of the emissions reductions needed by 2030, according to the IEA Net Zero Roadmap. Yet, energy efficiency remains a difficult and the least attractive investment. For decades, our understanding of energy efficiency has been limited to measuring kWh saved, overlooking its fundamental connection with electrification and deployment of renewable energy, modern energy uses, economic growth and the benefits it brings to health, the environment and economic spillovers generated.
Frequent heatwaves, energy price volatility, and other events seen worldwide, serve as a vivid reminder that we are in a race against time, and indifference is not an option. We need to do more, we need to do it faster and there is too much to do for one organization. Collaboration is imperative to avoid duplication and make the most with the time, knowledge and collective resources.
Mission Efficiency (formerly Three Percent Club) harnesses the collective knowledge, resources, and expertise of its partners to facilitate the identification of energy efficiency priorities and effectively deliver impactful solutions across sectors and regions, addressing the imperatives of both energy and climate action. Mission Efficiency seeks to drive energy efficiency progress through three pillars of action
Elevate energy efficiency in personal, organizational, and global agendas. Using a new narrative that resonates with decision makers at several levels, convening partners in strategic forums and charrettes, and advocating for new landmarks on energy efficiency.
Support energy efficiency with strategic and technical assistance by partners, matching solution offers in countries on key issues in high impact sectors, across multiple sectors or economy wide.
Invest in energy efficiency with a dedicated marketplace that broadens the investor base, enhances knowledge on energy efficiency finance and investment performance, makes available de-risking instruments and creates investment-grade projects.
Individuals, countries, and organizations each play a crucial role. From small daily decisions like selecting an air conditioner to government decisions such as adopting Minimum Efficiency Performance Standards (MEPS), every decision has a decisive impact on the target to keep the 1.5°C scenario within reach. Seizing the opportunity provided at COP28 to secure a target of at least doubling energy efficiency progress is an opportunity we cannot miss.
Through COP28, more ambition on energy efficiency is both possible and necessary to support sustainable development progress. Looking ahead, Mission Efficiency is working to consolidate commitments from countries and organizations globally to learn from each other and further amplify collective impact.
