Tuesday, December 07, 2010
[IWS] WEF: ENERGY EFFICIENCY: ACCELERATING THE AGENDA [7 December 2010]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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World Economic Forum [WEF] & Accenture
ENERGY EFFICIENCY: ACCELERATING THE AGENDA [7 December 2010]
http://www3.weforum.org/docs/WEF_EN_EnergyEfficiency_AcceleratingAgenda_Report_2010.pdf
[full-text, 40 pages]
[excerpt]
The World Economic Forum, in partnership with Accenture, is pleased to release Energy Efficiency:
Accelerating the Agenda. The work builds on the January 2010 publication, A New Energy Vision: Towards a
More Efficient World, developed in collaboration with IHS CERA, which explored the key drivers and barriers
behind energy efficiency and seeks to address why energy efficiency has not been more successful in
scaling.
Energy efficiency is about doing more with what we have. It thus touches on every industry sector and has
huge potential to contribute to energy savings and a reduction in carbon emissions. This potential is welldocumented
from the release of McKinsey’s abatement curve to the efforts by the International Energy
Agency (IEA) and other international organizations, and yet it continues to be raised as a critical issue to
address. This is because despite the potential there is a substantial gap, and energy efficiency measures are
still not being implemented at scale, indicating a significant opportunity is being missed. The reasons behind
this range from market to institutional failures and the need to be overcome if we are to use energy efficiency
to effectively meet rising energy demand, support economic development and meet the critical challenges of
climate change, energy security and economic competitiveness.
This study seeks to accelerate the agenda and identify the barriers holding implementation back by looking
at the roles of stakeholders and how they can work together to create multistakeholder solutions to bridge
the gap. Through this work the Forum hopes to reveal stakeholder perspectives and enable a starting point
for increased dialogue and cooperation throughout 2011 and beyond.
Contents
Foreword 5
I. Executive Summary 7
II. Introduction to the Research 8
III. Where We Are Today 10
1. Role of the Public Sector 10
2. Role of the Private Sector 18
3. Role of International Organizations, NGOs and Academia 20
IV. Challenging the Concept of “Low-hanging Fruit” 23
1. Interview Insights 24
2. Implementation Barriers and Recommended Solutions 26
V. Concrete Action to Accelerate the Agenda 33
1. Development of a Comprehensive Energy Efficiency Ecosystem 33
2. Creation of an Action-oriented Network of Private Sector Actors
to Take the Lead 34
3. Development of an International Standard to Measure and Report
on Energy Efficiency 35
VI. Conclusions 36
Press Release 7 December 2010
New Report Launched at COP16 Aims to Cut Expected US$ 26 Trillion Energy Costs by 2030
http://www.weforum.org/en/media/Latest%20News%20Releases/NR_Energy_Efficiency_2010
Desiree Mohindra, Senior Media Manager,Tel.: +41 (0)22 869 14 62; E-mail: desiree.mohindra@weforum.org
- New report presented today at COP16 at the Green Solutions Event in Cancun
- Read the full report: Energy Efficiency: Accelerating the Agenda
- Report produced with the support of the Mexican Government, US Department of Energy and International Energy Agency (IEA) See list of all contributors
Geneva, Switzerland, 7 December 2010 – A new World Economic Forum report developed in partnership with Accenture was presented today at the Green Solutions Event at COP16 in Cancun. The Energy Efficiency: Accelerating the Agenda report emphasizes the urgent need for energy efficiency to be at the forefront of the global agenda.
Energy demand is expected to increase by 40% by 2050. The estimated capital required to meet projected energy demand through to 2030 amount in cumulative terms to US$ 26 trillion. Of all the energy options, energy efficiency is able to provide the largest capacity for cutbacks in energy demand in the medium term. This potential can be measured in energy savings, cost savings and reduction in emissions. Research has identified that of the carbon abatement required, 57% could be achieved through implementation of energy efficiency measures by 2030.
AND MUCH MORE….
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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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