The unprecedented mobilisation of over 100 banks from 42 countries and investors managing close to USD 4 trillion supporting two specific Statements to increase energy efficiency finance was presented today at the Paris Climate Conference. It highlights the fast growing awareness of the relevance of energy efficiency to remain under a 2°C Scenario, while also serving sustainable development goals.
The topic is relevant for all countries, and benefits from the first G20 dedicated work led by the G20 Energy Efficiency Finance Task Group which proposed investment principles for countries to provide more investment-enabling conditions that were welcomed by the G20 energy ministers.
Committed to promote the topic over the last 3 years, UNEP FI has joined forces with other initiatives to enable the broadest mobilization of financial institutions and bring their positive contribution to the COP.