Launched in March 2019 by UNEP FI, the Energy Efficiency Finance Platform enables its members to exchange ideas and share leading practice in scaling up energy efficiency finance between world regions.
Energy efficiency measures are usually economically viable, offering attractive returns, even over shorter time periods. To realize the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement, energy efficiency investment needs to be scaled up by a factor of six from its already significant level of USD 230 billion of new investment per year. In order to realise a 1.5°C pathway, up to three trillion USD of new investment is required every year into sustainable energy, with energy efficiency as one of the largest types of investment. As policy-makers and financial regulators are now boosting Energy Efficiency (EE) finance via policy measures and consideration of a green supporting factor for EE investments, the sharing of leading practice between financial institutions in closing the EE investment gap will be a key focus of the platform.
The platform will:
- Enable banks to share their experience in improving the efficiency of real estate mortgage collateral, analyse the possible contributions of energy efficiency to credit risk, and mainstream energy efficiency across distinct business lines;
- Allow investors to exchange their experiences improving the efficiency of energy intensive portfolio companies and direct real estate holdings; and
- Bring together insurers to share best practice in de-risking energy efficiency investment via dedicated insurance products.
The platform will convene via quarterly telephone conferences during which platform members will exchange their experiences, and compare notes. There will also be monthly email updates on the newest developments in the EE finance market as well as the opportunity for bilateral exchanges.
To join the platform, please contact [email protected].