Dubai (UNA/WAM) - The World Council for Energy Efficiency, affiliated with the Global Councils for Sustainable Development Goals, launched a special report on energy efficiency on the sidelines of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).
The report, prepared in partnership between Schneider Electric and Electricité de France (EDF), and under the auspices of the Global Council on Sustainable Development Goals, includes a comprehensive white paper examining the critical factors for global energy efficiency.
The Council reviewed the report during a high-level round table at the Technology and Innovation Center in the Green Zone on the Schneider Electric platform at COP28, in the presence of Dr. Nawal Al Hosani, Permanent Representative of the UAE to the International Renewable Energy Agency (IRENA), Vice President of the World Council for Energy Efficiency, and Luke Raymond, CEO and Chairman of the Board of Directors of EDF, President of the World Council for Energy Efficiency, a number of members of the General Secretariat of the World Council for Sustainable Development Goals, members of the World Council for Energy Efficiency and the media.
Emphasizing the importance of implementing innovative solutions to enhance energy efficiency in various sectors, including buildings, industry, and transportation, the report highlighted the loss of two-thirds of the energy that is generated at different stages of the energy cycle, as these losses result from converting fossil fuels into heat, electricity, and movement, which is Which emphasizes the urgent need to take decisive measures to raise efficiency and improve performance. The report also emphasizes that technological solutions have become available in recent years to improve energy efficiency in the building, industry and mobility sectors, as these solutions, which involve a combination of electrical and digital transformation, provide great potential for immediate action that can be quickly deployed.
Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange, Vice President of the Global Councils for Sustainable Development Goals, said: By presenting the experiences of governments, companies and individuals around the world in the field of energy efficiency, the report succeeded in highlighting the collaborative efforts needed to address energy efficiency challenges. Global energy.
Lootah added: “Today, our collective commitment to sustainability and the pursuit of sustainable development goals has become more important than ever, which is why this report serves as an important roadmap, guiding us towards a more sustainable future.”
Dr. Nawal Al Hosani, Permanent Representative of the UAE to the International Renewable Energy Agency and Vice President of the World Energy Efficiency Council, said: “IRENA’s latest research shows that by enhancing energy efficiency alone, we can decarbonize the current energy system by up to 25 percent.” .
She added: “The World Energy Efficiency Council’s white paper provides visions that enhance efforts to achieve the global pledge for renewable energy and energy efficiency, which was announced at the Conference of the Parties (COP28), in addition to providing smart, innovative and practical solutions.”
For his part, Luc Raymond, President of the World Council for Energy Efficiency and Chairman and CEO of EDF, said: “As members of the World Council for Energy Efficiency, we are proud to have been able to contribute to the dialogue and steps taken by the COP28 conference to advance knowledge and enhance strategies to achieve energy efficiency, and this cooperation Among the members is evidence of our commitment to sustainable development and the global transition to cleaner energy sources.”
In turn, Manish Pant, Executive Vice President of International Operations at Schneider Electric and a member of the World Energy Efficiency Council, said: “The report reveals that achieving energy efficiency is truly a collective responsibility between policymakers, companies and individuals. “With digital technologies available today, it has become possible to monitor energy consumption from anywhere and on any device, which makes it easier for everyone to make better decisions about the efficiency of energy use.”
The report stresses the importance of integrating existing financing solutions that have the potential to reduce upfront costs and improve the energy landscape and its returns. Two powerful drivers can help this integration: digitalisation, to streamline processes and shared assets, and partnerships; In order to provide the best skills in all steps of these multi-asset investment programs.
The report also showed that there is another aspect related to investing in energy efficiency that has a positive impact on talent and competencies, by providing direct job opportunities (such as installation officials and service providers), and creating indirect and created job opportunities (such as manufacturing activities). Part of these investments will require new skills and resources in energy management, integration of energy efficiency solutions, and building design and construction.
The report urged leaders, policy professionals, industries and societies to take concrete actions in this regard, in line with the United Nations Sustainable Development Goals.