The key to scaling-up energy efficiency
investments, panellists agreed that without
large-scale demand for energy efficiency, all other elements of the ‘puzzle’ –
including financing, technology and skills – were less effective.
workshop highlighted that barriers to energy efficiency investments are various.
They include high upfront and transaction costs, low delivery capabilities and
lack of awareness and understanding of structural problems such as the
principal-agent challenge. In addition, recent research has shown companies’
greatest concern is overall lack of confidence in the viability of
energy-efficient investments over time.
Panellists and participants discussed a wide range of issues as well
as considerations that policymakers should bear in mind when developing policy
and designing market frameworks and instruments to promote investments in
energy efficiency. Participating companies and organizations included Danfoss,
Great Eastern Energy Corporation, Siemens and 3M, as well as Climate Policy
Initiative (CPI), International Finance Corporation (IFC) and World Energy
During the workshop, ICC shared business experiences and expertise
to help shape the SIF agenda and outcomes, and drew attention to the imminent
publication of an ICC policy statement on ‘Enabling
frameworks to scale up investments in energy efficiency’, drafted by
a group of experts on the ICC Environment and Energy Commission.
Commission Chairman Kersten-Karl Barth also
spoke at the Forum, joining the plenary discussion on ‘Leaders in energy transition: How can we make low carbon infrastructures
“Climate mitigation is like investing
in the future”, said Mr Barth at the SIF Forum. “It will not only contribute to
greenhouse gas emissions savings but will also help create jobs and generate
growth. Energy efficiency is hereby one important solution we need to scale up
to reach low carbon growth.”
On the sidelines of SIF, Mr Barth met with
United Nations Environment Programme (UNEP) Executive Director Achim Steiner, to
discuss possible collaboration between ICC's Environment and Energy Commission
and UNEP in the lead up to Paris 2015.
ICC was a key partner of the 2013 Forum.
Now in its fourth year, the Forum took place alongside the 19th annual
Conference of the parties (COP) under the United Nations Framework Convention
on Climate Change (UNFCCC) process. Organized by Climate Action, under
contractual partnership with UNEP, the forum ranks among the principal
platforms on which business can discuss and give input into the COP
It mobilized and connected approximately 350
high-level influencers – including ministers and senior government
representatives, C-level executives from business and IGOs/NGOs, and financiers
– to share ideas, technologies and solutions to catalyze innovation and generate