The International Partnership on Energy Efficiency Cooperation (IPEEC) and United Nations Environment Programme Finance Initiative (UNEP FI) are co-hosting the G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology on behalf of the G20 Energy Efficiency Finance Task Group in Tokyo, Japan on June 12th 2019.
In order for G20 economies to achieve sustainable, low-carbon growth and development, increasing investments into energy efficiency, innovation and broader clean energy technologies is key.
The crucial role of finance and investment for scaling up energy efficiency has been recognized by G20 economies, which represent 84% of the world’s total economic output, more than 80% of primary energy consumption and 80% of greenhouse gas (GHG) emissions.
The G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology will take stock of global finance and investments into energy efficiency, innovation and low- carbon technologies. The event will provide the opportunity for leading financial institutions and policy makers to assess the state of play and define elements of action for G20 economies for the new decade, thereby supporting G20 economies’ objectives to achieve sustainable energy transitions.
Accelerating innovation and investment in clean technologies is critical to bridge the existing emissions gaps identified between country pledges and activities, and those that are necessary to advance global climate neutrality in a timely way.
To realize ambitious decarbonization across sectors, innovation will be required across multiple areas: technologies, business models, and societal behaviour.
For G20 economies, greater investments in low-carbon technologies and innovation can, in addition to contributing to their sustainable development goals, strengthen the competitiveness of companies operating in the environmental-conscious economy of the 21 century, enhancing economic resilience.
The G20 Global Summit on Financing Energy Efficiency, Innovation and Clean Technology will take stock of global finance and investments into energy efficiency, innovation and low- carbon technologies. The event will provide the opportunity for leading financial institutions and policy makers to assess the state of play and define elements of action for G20 economies for the new decade, thereby supporting G20 economies’ objectives to achieve sustainable energy transitions.
Participate
The event is by invitation only and will take place at United Nations University, Tokyo, 12 June 2019. Financial institutions interested in participating please contact Jurei Yada at IPEEC, and Martin Schoenberg, Energy Efficiency Project Coordinator.