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EMERGING CONSENSUS FROM TASK FORCE 2 Trillions of dollars of private investment needed to reach scale on efficiency and renewables Public funds will never.

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Presentation on theme: "EMERGING CONSENSUS FROM TASK FORCE 2 Trillions of dollars of private investment needed to reach scale on efficiency and renewables Public funds will never."— Presentation transcript:

1 EMERGING CONSENSUS FROM TASK FORCE 2 Trillions of dollars of private investment needed to reach scale on efficiency and renewables Public funds will never be sufficient, but smart policy can unlock private investment at scale It is deeply challenging to develop and implement smart policy in the energy sector Strategic funding for collaborative technical work, peer-to-peer learning and technical assistance to policy makers could have transformative long-term impact o Policy funds offer extraordinary leverage (e.g. US appliance standards program) o Well-coordinated millions can unleash billions -- Page 1 --

2 WHAT CAN SE4ALL DO? Bolster efforts of existing fora (e.g. CEM and regional efforts like APEC, B20/G20) to encourage policy progress through collaborative technical work, peer-to-peer exchange, and political dialog Catalyze commitments to leverage public and private investment Communicate the central role of smart policy to drive private investment in efficiency and renewables Engage the private sector, including the investment community, on efficiency and renewables policy design On request, help lower-capacity governments improve their clean energy and efficiency policies through targeted technical assistance -- Page 2 --

3 POSSIBLE IDEAS FOR TF2 ACTION WITHIN SE4ALL Encourage self-assessment by MDBs and/or bilateral aid agencies of policy TA efficacy Compile policy status information (e.g. bolster Clean Energy Solutions Center effort to establish continuously updated database of national and state level clean energy policy for US, India, etc) o Helps policy makers benchmark their efforts o Helps private sector find investment opportunities o Helps civil society advocate for better policy Launch Doing Business in Clean Energy report to monitor and recognize clean energy policy progress On request, partner with proactive governments to help them reach their policy objectives, e.g. o Minimum standards for lighting or other appliances o Fuel economy standards o Net metering or other policies to enable distributed renewables o Regulatory reforms to enable grid-connected renewables -- Page 3 --

4 NEXT STEPS Draft report by Abu Dhabi meeting Assign sub-tasks to develop specific ideas Link to WG1 to address efficiency and renewables role in energy access Possible interim working group meeting once additional preparatory work completed -- Page 4 --

5 National Polices 5 Grid Based Business Models Unconventional Business Models Global Capital Markets National Banks and Financial Institutions Intermediaries, Users & consumers Host Countries Donors Private Sector Civil Society Tech. Support Professional Exchange Investment, Technology, Good & Services Finance, Guarantees, Insurance Best Practice: Implementation Best Practice Regulation Standards Regulation Regulation Professional Exchange Technical Support, Feasibility Studies, Training Capital Standards TrainingServices Training Environmental Impact Monitoring Transparency Accountability Non-Bank Services, Capital Services, Distribution, Quality NEED TO MODIFY TASK FORCE 1 SLIDES

6 Appendix -- Page 6 --

7 Net savings of ~$300 billion cumulative since 1978 Typical annual budget for entire US minimum standards program ~$30 million Source: Data from US Bureau of Labor Statistics, US DOE, AHAM Factbooks and Rosenfeld (1999) MINIMUM PERFORMANCE STANDARDS CAN LEAD TO A SIGNIFICANT DECLINE IN LIFECYCLE COSTS -- Page 7 --

8 -- Page 8 -- ONLY A FRACTION OF THE POTENTIAL FROM MINIMUM PERFORMANCE STANDARDS IS CAPTURED CURRENTLY Cooperation among SEAD partners national standard-setting bodies could save by 2030: 1,800 terawatt hours per year of electricity = as much as would be produced by 600 five-hundred megawatt power plants US$150 billion per year of net energy-related expenditures Leads to significant energy savings for households (e.g., Existing standards in the U.S. save an average of $285 per household per year )

9 SUPER-EFFICIENT EQUIPMENT AND APPLIANCE DEPLOYMENT INITIATIVE (SEAD) -- Page 9 -- SEAD aims to coordinate policy for efficient appliances and equipment Regular and ongoing contact between partner governments standard-setting experts enables greater coverage of product categories at lower public cost Harmonizing test procedures reduces trade barriers for efficient products and facilitates comparisons of efficiency programs For globally-traded products, coordination of measures such as incentives, procurement, and awards magnifies market transformation benefits

10 CLEAN ENERGY SOLUTIONS CENTER -- Page Track and share policies, public investment trends, and outcomes Identify best practices for clean energy policy and program development Engage stakeholders in dialogue about policy and public investment opportunities Provide virtual training, including videos and webinars Build a user network of policy makers and technical experts


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