Background
The energy sector is responsible for almost three-quarters of global emissions and energy efficiency accounts for more than 40% of the emission reduction needed by 2040 under International Energy Agency’s (IEA) Sustainable Development Scenario. Under this scenario, global annual energy efficiency investments would have to more than double from $290 billion today, to $658 billion per year from 2020 to 2040. Net-zero targets will not be achieved without considerable investment in energy efficiency across all sectors.
The importance of energy efficiency is being brought into focus even further as a result of the current energy crisis and rapidly rising energy prices globally. The combination of effective energy efficiency policy and measures, existing energy efficient technologies and upcoming smart solutions, and greater awareness and communication of energy efficiency measures, will help countries to rapidly address concerns of energy security, support post-pandemic green recovery and achievement of national climate change goals. Energy efficiency investments can quickly deliver multiple socio-economic development benefits by creating new jobs and reducing energy bills from households and businesses as well as government fossil fuel import bills. Energy efficiency measures will ultimately reduce exposure to fossil fuel price volatile helping countries to become more resilient during their energy transition pathway.
Recently, the adoption of digital technologies and artificial intelligence is enabling a new generation of advanced energy efficiency solutions that can be used for better policy making and delivering even greater energy savings in buildings, electricity transmission and distribution, industries, and transport. New business and innovative financing models are finally starting to appear in greater number across Asia and the Pacific particularly in India, the People’s Republic of China and Southeast Asia. The Workshop will highlight the latest experiences, challenges and opportunities for energy efficiency in the region.
The Workshop will showcase best practices and examples of innovative solutions as well as propose areas for collaboration to drive this much needed progress in energy efficiency for both very short term and longer-term benefits.
Objectives
The objective of this Workshop is to drive urgent action on energy efficiency and highlight how energy efficiency can be used to address energy security, support post-pandemic recovery and national climate change goals in the Asia and Pacific region. The Workshop will cover energy efficiency policies, use of smart and innovative technologies, and approaches for behavioral change that be considered by policymakers, investors and businesses.
AGENDA
| Time (Manila) | Activities |
|---|---|
| 02:00 - 02:05 p.m. |
Welcome Remarks
|
| 02:05 - 02:15 p.m. |
Energy Crisis, Green Recovery, Climate Ambition (Presentation)
|
| 02:15 - 02:50 p.m. |
Panel Discussion - Innovative Technologies and Buildings
|
| 02:50 - 03:25 p.m. |
Panel Discussion - Financing and ESCOs
|
| 03:25 - 03:30 p.m. |
Closing Remarks
|
Speakers
About the Organizer
The International Energy Agency (IEA)
The International Energy Agency is at the heart of global dialogue on energy, providing authoritative analysis, data, policy recommendations, and real-world solutions to help countries provide secure and sustainable energy for all. Taking an all-fuels, all-technology approach, the IEA recommends policies that enhance the reliability, affordability and sustainability of energy. It examines the full spectrum of supply and demand side issues. Since 2015, the IEA has opened its doors to major emerging countries to expand its global impact, and deepen cooperation in energy security, data and statistics, energy policy analysis, energy efficiency, and the growing use of clean energy technologies.
Asian Development Bank (ADB)
The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
Point of Contact
Melanie Slade
IEA
Email
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