G20 Energy Efficiency Finance Task Group (“EEFTG”) Activity Report 2015
» Annex to the Report to G20 on the G20 Energy Efficiency Action Plan containing Full Technical Analysis and Case Studies supporting voluntary Energy Efficiency Investment Principles for G20 participating countries
By Peter Sweatman, Rapporteur
In November 2014, G20 leaders endorsed a France and Mexico co-chaired initiative -coordinated by International Partnership for Energy Efficiency Cooperation (IPEEC)- in order to enhance capital flows to energy efficiency investments as one of the six work streams that comprise the G20 Energy Efficiency Action Plan: Voluntary Collaboration on Energy Efficiency.
The Energy Efficiency Finance Task Group (EEFTG) provides G20 Governments with a forum to engage directly with members of the private and public finance community, industry, as well as international organisations. Published in October 2015, this report summarizes the EEFTG 2015 technical engagement activities organized around key technical themes which emerged to form EEFTG’s voluntary Energy Efficiency Investment Principles of G20 participating countries as well as relevant case studies.
In 2015, the work of EEFTG was led by a Steering Group, comprised of director-level individuals from 13 participating economies, and co-chaired by France and Mexico. The EEFTG counts among its members and supporters:
- G20 countries that directly support the initiative: Australia, Argentina, Canada, China, European Union, France, Germany, India, Mexico, South Korea, Russia, United States and United Kingdom;
- Representatives from international organisations, including the Organisation for Economic Co-operation and Development (OECD), European Bank of Reconstruction and Development (EBRD), United Nations Environment Programme Finance Initiative (UNEP FI), Sustainable Energy for All (SE4All), IEA, the Energy Charter, and the Clean Energy Solution Center of the Clean Energy Ministerial (CEM)
In addition, it is worth noting the close connection of the EEFTG with a joint UNEP-FI & EBRD aimed at mobilizing over 100 financial institutions to increase global investments in Energy Efficiency (See document for download in menu below). The objective of this initiative is for banks to embed energy efficiency finance into their strategy and business operations and further promote the topic to their clients, therefore initiating an in-depth transformation of those institutions. This initiative is open to a broad range of financial institutions including commercial banks, micro finance and leasing companies.