Forty-five governments from around the world have endorsed the goal of doubling the rate of global energy efficiency improvements by 2030.
This ambitious target aims to promote sustainable economic growth and contribute to achieving net-zero emissions. The endorsement came in a ministerial statement released after the International Energy Agency's Global Conference on Energy Efficiency. The statement emphasizes the critical role of energy efficiency in improving living standards, enhancing energy security, and accelerating the transition to clean energy. Achieving this goal would create jobs, expand energy access, reduce energy bills, decrease air pollution, and decrease dependence on fossil fuel imports.
The statement calls on all parties participating in the upcoming COP28 Climate Change Conference to raise their ambition and strengthen energy efficiency policy implementation in line with the Paris Agreement. It also highlights the importance of behavior change, digitalization, demand-driven solutions, and investments in modernizing electricity grids. The ministers also emphasized addressing energy poverty, promoting clean cooking, and addressing gender issues in relation to energy. The endorsement reflects the global recognition of energy efficiency as a crucial component of the clean energy transition.
News Source: Emirates News Agency
