Energy efficiency is one of the most concrete actions financial institutions can take to advance their sustainability performance and tap into the trillions of USD of energy inefficient assets. It is also increasingly on the radar of financial regulators as they consider an adjustment of capital adequacy requirements for certain types of energy efficient financial products. Real estate, which is the largest source of global stored wealth, is strongly affected by energy efficiency. With more than 230 billion USD of new investment every year, energy efficiency is almost as large a market as renewable energy.
The UNEP FI Energy Efficiency Finance Platform will provide for an exchange of information between financial institutions across banking, investment and insurance and across distinct economic sectors such as real estate and industry. It builds on and is synergetic with existing UNEP FI projects in scaling up energy efficiency finance, such as ongoing collaborations at EU level (EEFIG) and in the G20 (G20 EEFTG).
The webinar will formally launch the platform, introduce its working mode, core members, and offer an opportunity for financial institutions to jointly discuss how to bring the energy efficiency finance market to further scale.
- David Tine, VP Complex Client Group-Energy, Munich Re/HSB
- Martin Schoenberg, Energy Efficiency Project Coordinator, UNEP FI