Energy efficiency is a highly‑effective and economic way to reduce global greenhouse gas (GHG) emissions. According to the International Energy Agency (IEA), energy efficiency measures could result in 40% of the GHG emissions abatement required to achieve the goals set out in the Paris Agreement. Energy efficiency also reduces air pollution, lowers spending on energy, enhances energy security, increases competitiveness and provides many other socio‑economic, and environmental benefits.
The aim of this manual is to provide an overview of innovative financing mechanisms, and business models from around the world that have spurred new investments in energy efficiency. The manual focuses on technologies covered by the United for Efficiency initiative – air conditioners, lighting, electric motor systems, refrigeration, and power distribution transformers. Together these products consume over half of the world’s electricity