ENERGY EFFICIENCY KEY FOR CARBON NEUTRAL EUROPEAN ECONOMY
ENERGY EFFICIENCY = KEY FOR CARBON NEUTRAL EUROPEAN ECONOMY MONICA FRASSONI, PRESIDENT EUROPEAN ALLIANCE TO SAVE ENERGY (EU-ASE) 6 TH EU ENERGY DAY AT KATOWICE COPE 24 11 DECEMBER
Energy efficiency is key to decarbonization Globally, energy efficiency alone can deliver around 50% of the cumulative CO 2 savings through 2050 required to meet global climate goals (IEA 2015) In EU, 76% of emission reductions to meet Paris objectives will need to come from energy efficiency (IEA 2015) Energy efficiency is the most cost effective way to decouple economic growth from emissions Despite that: World economy will triple between 2016 -2050 Global population will increase by nearly 2. 3 billion by 2050 THIS MEANS: without bold energy efficiency policies, it will be impossible to reach the Paris Agreement
Energy Efficiency First BUT NOT energy efficiency only q Demand supply side options are needed: decarbonising supply side alone will not be enough to meet Paris objectives q RES + EE = 94% of reductions in energyrelated CO 2 emissions = Optimal pathway towards decarbonisation q Accelerated deployment of renewables can increase energy efficiency q Accelerated deployment of energy efficiency means energy demand is reduced so the same amount of renewable energy results in a higher share of renewables q These synergies can be furtherly driven by: q q Digitalization: smart technologies such as connectivity, automation, data analytics enable active consumers and businesses to produce, store, self-consume or sell their energy locally q Circularity unlocks deep cuts to emissions from heavy industry (steel, plastics, aluminum, cement) Robust regulatory frameworks are key to driving change (IRENA: Synergies between Energy efficiency and Renewables, 2018) THIS MEANS: EE & RES can deliver the transition only when working together
We need JUST transition towards carbon neutral economy Citizens need to be included as active participants in climate discussions because they are at the heart of new decentralized energy system
TECHNOLOGIES EXIST but clear direction is needed TECHNOLOGIES EXIST AND BUSINESSES ARE HAPPY TO ASSIST THE TRANSITION BUT A CLEAR DIRECTION AND CONSENSUS IS NEEDED
Question for audience Is Energy Efficiency First principle sufficiently recognized by legislators and decision makers? q YES q NO
THANK YOU VERY MUCH!
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