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Why we need to follow the soft energy path of greater efficiency

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on World Economic Forum or enjoy below:

🗞️ Driving the news: At COP29, world leaders convene amid a critical but neglected priority: doubling global energy efficiency
This initiative, vital for climate goals, has seen little discussion or progress despite its inclusion in last year’s commitments
Energy efficiency, alongside renewable energy, could significantly advance emission reductions and affordability

🔭 The context: COP29 marks a year since the pledge to increase energy efficiency from 2% to over 4% annually by 2030
Despite efforts in renewable energy adoption, energy efficiency remains underemphasized on this year’s agenda
Measures like smarter systems and efficient technologies could cut emissions dramatically and save trillions

🌍 Why it matters for the planet: Energy efficiency is the most accessible and cost-effective tool for reducing emissions, aligning with the Paris Agreement goals
It ensures equitable energy access while minimizing environmental impact and resource demand
In emerging economies, it supports growth sustainably, protecting populations from extreme conditions and reducing energy burdens

⏭️ What's next: Integrating energy efficiency into the COP29 agenda could accelerate adoption, particularly in the Global South
Policy interventions must prioritize energy-efficient practices across sectors, from construction to transportation
Pursuing both clean energy and efficiency could double the pace of climate progress while maintaining affordability

💬 One quote: “Pursuing energy efficiency alongside clean energy will double the pace of progress and keep delivering climate goals that are affordable and within reach” – Jon Creyts, CEO of RMI

📈 One stat: In 2022, energy efficiency saved 15% of total energy costs in countries that implemented measures, with potential global savings of up to $2 trillion annually

Click for more news covering the latest on energy transition

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