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https://www.greenbiz.com/article/energy-efficiency-win-win-invest...

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    Between now and 2050, the biggest contribution to global emissions reduction has to come from economy-wide energy savings. But investment levels in energy efficiency (despite modest rises) still lag those in renewable energy generation by a large margin. And the International Energy Agency (IEA) estimates that global investment in energy efficiency needs to reach $1 trillion per year. The current level is around $221 billion, so that is a fourfold to fivefold increase — with current technologies.

    We have had to move fast. There is an increasing amount of legislation around energy efficiency standards (at both EU and member state level), meaning that a large number of inefficient commercial buildings need investment as soon as possible if they are not to lose their income streams or see them interrupted. For example, in England and Wales it will become unlawful to lease a commercial building with an Energy Performance Certificate rating below E on April 1. France also has tough new national standards coming in.

    Last month, the Commissioner for the Energy Union, Maroš Šefčovič, launched EEFIG's new Underwriting Toolkit for the many financial institutions currently reviewing and establishing internal procedures to review and approve energy efficiency projects. The Toolkit has been designed with the input from over 20 of these institutions. In conjunction with the DEEP database, the toolkit provides information aimed specifically at the different units and individuals within financial institutions whose task is to evaluate, assess, approve and process energy efficiency transactions.

    At the moment, about 85 percent of all energy efficiency investment has been financed through existing sources of finance or self-financed, rather than with specific energy efficiency products. This will change as financial institutions tailor financial instruments to enable new business models for energy efficiency in buildings and industry. We can increase profitable energy efficiency investments fivefold, and with increased ambition from EU Member States and G20, I am confident that we will.
 
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