Two major international agreements reached in 2015 will be guiding the future energy development patterns in all sectors, including industry. At the United Nations General Assembly in September 2015, global leaders adopted 17 Sustainable Development Goals to mobilise efforts to end all forms of poverty, fight inequalities and tackle climate change by 2030.
To leverage the impact of relatively limited public resources, 13 national and sub-national governments have created public green investment banks (GIBs) and GIB-like entities (as of December 2015). GIBs are using innovative transaction structures, risk-reduction and transaction-enabling techniques, and local and market expertise to channel private investment, including from institutional investors, into domestic low-carbon, climate-resilient infrastructure.
The interplay between energy efficiency improvements and the deployment of renewable energy technologies is complex. If the respective potentials in these two fields are combined, total global energy demand can be reduced by up to a quarter by 2030, IRENA and C2E2 find. Energy efficiency measures would account for half to three-quarters of the total energy savings, with renewables delivering the rest.