Countries commit to improve Global Energy Efficiency
July 25, 2020
Global Korean Post
The Three Percent Club is a collaboration of governments and supporting organizations that commit to working together to put the world on a path to three percent annual efficiency improvement.
By joining the Three Percent Club, Canada commits to working collaboratively with international partners, including 15 other countries, to increase energy efficiency, accelerate the clean energy transition and help meet climate change goals.
Three percent annual improvement (measured as global energy intensity) represents the opportunity (analysis shows it is achievable through good policies); the necessity (it is the rate required to deliver the Paris goals); and the commitment (to meet Sustainable Development Goal 7)
Efficiency progress has been slowing since 2015, down from almost 3% annual improvement in energy intensity to just 1.3% in 2018, and immediate policy action is required to reverse this worrying trend. Many of the policy and technology solutions are well known, yet only a minority of Nationally Determined Commitments (NDCs) currently contain specific commitments to energy efficiency actions or targets.
This collaboration of governments, businesses and institutions spearheaded by the International Energy Agency (IEA) has committed to work together to help drive an annual three percent improvement in global energy efficiency.