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© OECD/IEA 2014 © OECD/IEA 2014

Energy Day (IEA/IDB/WBCSD)

COP 20, Lima, Peru, Dec 5 2014

Philippe Benoit

Head, Energy Efficiency and Environment (Climate) Division

International Energy Agency

© OECD/IEA 2014

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2011 2020 2030 2040 2050

Nuclear 7%

Renewables 30%

End-use fuel switching 9%

CCS 14%

End-use fuel and electricity efficiency 38%

Gt CO2

Power generation efficiency and fuel switching 2%

Portfolio of actions to reduce energy sector emissions

© OECD/IEA 2014

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2011 2020 2030 2040 2050

End-use fuel and electricity efficiency 38%

Gt CO2

EE provides largest contribution to abatement

Power generation efficiency and fuel switching 2%

Portfolio of actions to reduce energy sector emissions

© OECD/IEA 2014

Decoupling GDP from Energy …

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GDP (right axis)

© OECD/IEA 2014


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GDP (right axis)

BAU-Low EE

© OECD/IEA 2014


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GDP (right axis)

BAU-Low EE

High Productivity

© OECD/IEA 2014

10 20 30 40 50 60

Trillion dollars (2012)

Long-term investment landscape for a 2 °C world

Cumulative Investment in the New Policies and 450 Scenarios, 2014-2035

Efficiency spending is $6 trillion higher in the 450 scenario Total annualized average investment requirement in EE of

about $630 billion (for $14 trillion)

450 Scenario

New Policies Scenario

Fossil fuels Power T&D Low-carbon

~14 trillion

~8

trillion

Energy Efficiency

© OECD/IEA 2014

Global Energy Efficiency Market

Current market estimated to be between

USD 310-360 billion

© OECD/IEA 2014

20%

40%

60%

80%

100%

Industry Transport Power generation

Buildings

Realised energy efficiency potential

Unrealised energy efficiency potential

Two-thirds of the economic potential to improve energy efficiency remains untapped in the period to 2035

Energy efficiency potential used by sector in the WEO 2012 New Policies Scenario

Potential for EE scale-up is there …

© OECD/IEA 2014

Policies

Pricing

Strengthen the narrative

Helping EE to achieve its CC potential

© OECD/IEA 2014

Cross-sectoral 1. Energy efficiency data collection and indicators 2. Strategies and action plans 3. Competitive energy markets with appropriate

regulation 4. Private investment in energy efficiency 5. Monitoring, enforcement and evaluation of policies

and measures

Buildings 6. Mandatory building energy codes and minimum

energy performance requirements; 7. Aiming for net zero energy consumption in buildings 8. Improving the energy efficiency of existing buildings 9. Building energy labels or certificates 10. Improved energy performance of building

components and systems

Appliances and Equipment 11. Mandatory MEPS and labels for appliances and

equipment 12. Test standards and measurement protocols for

appliances and equipment 13. Market transformation policies for appliances and

equipment

Lighting 14. Phase-out of inefficient lighting products and

systems 15. Energy efficient lighting systems

Transport 16. Mandatory vehicle fuel efficiency standards 17. Measures to improve vehicle fuel efficiency 18. Fuel-efficient non-engine components 19. Improved vehicle operational efficiency through

Eco-driving and other measures 20. Transport system efficiency

Industry 21. Energy Management in industry 22. High efficiency industrial equipment and systems 23. Energy efficiency services for small and medium

enterprises 24. Complementary policies to support industrial

energy efficiency

Utilities and end-use 25. Energy Utilities and end-use energy efficiency

25 EE Policy Recommendations

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Pricing:

towards a ‘fair and balanced’ pricing regime

• Removing fossil fuel subsidies

• Factoring-in negative externalities of fossil fuels

Climate

Air pollution

Etc.


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Policies

Pricing

Strengthen the narrative


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IEA fuel market reports

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Exploiting the multiple benefits of EE

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Important for developing countries

Multiple benefits are of particular importance for emerging economies and developing countries

Energy access Helping countries to expand access, effectively enabling them to supply power to more people through the existing energy infrastructure.

Economic development

Supporting economic growth through various aggregate benefits, for example by improving industrial productivity and reducing fuel import bills.

Poverty alleviation

Increasing the affordability of energy services for poorer families by reducing the per-unit cost of lighting, heating, refrigeration and other services.

Combatting local pollution

Reducing the need for energy generation – and lower associated emissions – through energy efficiency measures on both supply side and demand side.

Climate change resilience

Reducing the need for energy infrastructure, energy efficiency reduces the amount of energy assets exposed to extreme weather events.

© OECD/IEA 2014


GHG abatement

Energy

CC

Fuel Imports

Transport

Health

Energy Dependence Climate as the

‘co-benefit’

© OECD/IEA 2014

EE and CC: Insights

Energy efficiency is a major component of the global energy system and …

EE is a big part of the CC mitigation solution, but …

Getting EE to meet our CC ambition will require more concerted effort to promote EE

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