UN Climate Change
To be added.
Enhancing renewable energy supply has been considered as one of the fundamental steps towards achieving a low-carbon energy system and development pathway. Doubling its share in the global energy mix by 2030 against the 2010 level and enhancing energy efficiency efforts could help to reduce the global average CO2 emissions intensity per kWh by 40 per cent compared to 1990 levels.
The follow up Technical Experts Meeting (TEM) at the latest climate change conference in Bonn, in May, served as a platform for several international organizations as well as the private sector to show how they have assisted countries in implementing the identified policy options and/or supported relevant partnerships and initiatives.
The importance of engaging non-state actors was highlighted due to their significant role in addressing climate change. Edward Cameron from We Mean Business said: “having made international commitments, the private sector is now focused on improving the domestic enabling environment to drive ambition and action.” The coalition has attracted 406 leading companies representing around USD 8 trillion in global revenue and 183 investors representing around USD 20 trillion of assets under management and has fostered nearly 1,000 climate commitments in the private sector.
The event also provided updates on existing support. For example, the Green Climate Fund (GCF) is now open for business and it has said that 2.5 billion per year over 2015-2018 has been allocated for funding projects. The GCF made a strong call to receive proposals for funding from countries.
The GCF’six high-level investment criteria. Source: the Green Climate Fund
With growing urban populations, particularly in developing countries, it is particularly relevant to focus on the mitigation potential of energy efficiency in urban environments. The follow up dialogue on the TEM on Energy Efficiency in Urban Environments referred to the importance of 1) early action for implementing policies on energy efficiency, 2) enabling the domestic environment with standards and policies on energy efficiency, and 3) continuing the focus on energy efficiency in the Technical Examination Process (TEP).
The International Energy Agency (IEA), among others, presented a four year programme to scale up energy efficiency in emerging economies. The IEA works directly with China, Brazil, India, Indonesia, Mexico, South Africa, Thailand, and Ukraine, which already represent 33% of global energy demand in 2012.
Energy efficiency as a means to support economic and social development. Source: the International Energy Agency
Meanwhile, the head of Morocco’s renewable energy and energy efficiency agency highlighted the success they have had from phasing out subsidies for fossil fuels. This encouraged a wide spread move, in multiple sectors, towards more efficient use of fossil fuel.
A database of examples of policy options can be searched and explored here.
The NAZCA portal is a UN-sponsored site that clearly shows that the private sector is acting.