Doubling Global Energy Efficiency Progress: How the G20 Can Lead the Way
This report is a deep dive into three of the five high-impact energy efficiency opportunities outlined in the “Strategic Plan for Advancing Energy Efficiency Across Demand Sectors by 2030,” developed by the Bureau of Energy Efficiency, Ministry of Power, Government of India, in collaboration with Alliance for an Energy Efficient Economy (AEEE), Sustainable Energy for All (SEforAll), and the International Energy Agency (IEA) during India’s G20 Presidency in 2023. These opportunities have strong linkages with the Voluntary Action Plan on Doubling the Global Rate of Energy Efficiency Improvement by 2030 also developed during India’s G20 Presidency. It draws upon extensive secondary literature, numerous expert consultations, and rigorous peer reviews by global energy efficiency luminaries. Unveiling insights from best practices, distilling transferable learnings for G20 nations, and delivering actionable recommendations, the focus is on three pivotal energy efficiency opportunities: Rethinking Energy Codes for a Net-Zero Energy World (RENEW), scaling up Motor Efficiency for Small and Medium Enterprises (SME2), and Financing for Aggregating Services and Technologies (FAST). In some instances, the scope and coverage of these opportunities have been expanded to provide a more comprehensive set of recommendations. This report aims to embody the collective expertise and unwavering dedication of the Indian and global energy efficiency community. Its goal is to contribute to the realisation of the global target of doubling energy efficiency improvements by 2030, reflecting the spirit of collaborative determination.