From Pledge to Action: Energy Efficiency in the Asia Pacific

Background 

COP28’s global stocktake along with the Global Renewables & Energy Efficiency Pledge call on countries to work together to double the global average annual rate of energy efficiency improvements by 2030. This target requires an all-hands approach involving stronger policies, de-risking finance and a widespread adoption of efficient technologies and services. To realize this target, tripling investments in energy efficiency to over USD 1.8 trillion by 2030 is necessary.    

While policies and technologies necessary to double energy efficiency improvements are widely recognized and readily available, the critical challenge now lies in charting a path from the COP28 Pledge to actionable steps. Collaboration is imperative to avoid duplication and make the most with the limited time and resources.     

With over half of the world's population, a rapidly growing demand for cooling, and rising expectations for improved living standards, the Asia Pacific region plays a pivotal role in achieving global energy efficiency targets. The region's energy intensity increased by a significant 201% between 2000 and 2021, highlighting its vast potential for greater efficiency. Furthermore, over 400 million people are projected to move from rural areas to towns and cities by 2050, creating opportunities for efficient infrastructure development that fosters thriving communities.   

Mission Efficiency is an energy efficiency ecosystem that harnesses the collective knowledge, resources, and expertise of its partners to facilitate delivery of impactful solutions across sectors and regions, fostering commitments and actions. This roundtable will bring together key stakeholders in the region to discuss collaboration opportunities and explore opportunities of a collective path to double energy efficiency progress this decade, particularly with the intent of generating actionable steps that stakeholders can adopt or advocate towards that goal.   

Objectives 

• Foster cooperation, exchange initiatives to forge a collective regional pathway towards doubling energy efficiency within this decade.  
• Define actionable steps towards doubling energy efficiency, including Mission Efficiency Pledge or enhanced NDCs. 

Flow of the meeting 

The roundtable will start with welcome and keynote remarks. Following these opening addresses, speakers identified on the agenda will deliver statements to frame the ensuing roundtable discussion, which will involve key regional stakeholders such as governments, financial institutions, philanthropic organizations, and representatives from the international community. Roundtable participants will contribute to this discussion. Observers from the Forum are encouraged to attend. 

Draft agenda  

Important notice: please note that a final version of the agenda will be communicated in the days prior to the event.