COP28: Countries Pledge to Double Energy Efficiency Improvements by 2030

Doubling the annual pace of energy efficiency progress could achieve half of the emissions reductions needed by 2030, according to the International Energy Agency.

• 118 countries at the COP28 climate summit pledged to triple the world’s renewable power capacity and double the pace of energy efficiency improvements by 2030.
• Energy efficiency, defined as using less energy to achieve the same economic output, is gaining momentum on the global stage.
• Doubling the annual pace of energy efficiency progress would achieve 50 percent of the emissions reductions needed by 2030.
• Energy efficiency measures include shifting billions of cooking stoves off wood and coal to lower-emission fuels, reducing energy demand and consumption, and setting stricter appliance standards.
• According to the IEA, global energy efficiency improved by about 2 percent in 2022. Doubling that means the world’s efficiency progress needs to hit an annual rate of 4 percent by 2030.

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Grist CNA Reuters