Taking stock of energy efficiency finance and investment by the G20: new report from UNEP FI and IPEEC presents leading practice

18 October 2019

Building on the outcomes of the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology which was held in Tokyo on June 12 2019, the G20 Energy Efficiency Finance Task Group (G20 EEFTG) has collated leading practices by financial institutions and participating member countries in scaling up the energy efficiency investment market to the trillions of US dollars required.

Innovation in business models, financing practices, data management, digitalization and technology is enabling the optimization of transport, buildings and industry as whole systems. As digitalization is disrupting energy efficiency technologies, the financial system needs to move in tandem with these real economy innovations. Increased asset-level transparency will improve the ability of the financial system to price and incentivize investment into energy efficiency and innovation by enabling a better understanding of the contribution of the energy performance of real estate and industry to improved risk profiles and financial performance.

The 2019 stock take report summarizes the results of the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology and identifies future elements of action as reflected in the Tokyo Declaration that emerged from the summit. It brings together insights gained from policymakers, banks, investors, public financial institutions and technology companies and places these insights in the context of wider sustainable finance trends.

In the context of Japan´s G20 presidency, the report collects for the first time a range of insights from the Asia region in addition to insights from other world regions. As efforts to align with the Paris Agreement are gathering pace, this report provides a number of findings from UNEP FI member institutions about the role of energy efficiency in driving the climate performance of the real assets held by investors and banks particularly in real estate and industry. It also places these insights in the context of wider clean technology and innovation trends and for the first time includes examples from technology companies as well, who are working alongside financial institutions as a source of innovation in business models and financing practices.

Download report here.

 

About the G20 EEFTG
The G20 Energy Efficiency Finance Task Group (EEFTG) was established in 2014 to enhance capital flows for energy efficiency investments in G20 economies. It serves as a forum for G20 policy makers to share best practices in policies and financial instruments through peer-to-peer workshops and direct engagement with members of the private and public finance community, industry and international organisations. Read more here.

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