Paris Agreement Energy Efficiency
“It is incredibly encouraging to see such a broad coalition of countries, businesses and institutions joining forces to accelerate energy efficiency measures and the Paris Agreement,” said Inger Andersen, Executive Director of the United Nations Environment Programme. According to the International Energy Agency, improving efficiency could lead to more than 40% of the CO2 emission reductions promised by the Paris climate agreement. Energy efficiency is the precondition for the decarbonisation of our energy system. It can contribute to the fight against climate change by supporting the transition to a low-carbon economy, stimulating investment, growth and jobs around the world. Learn more about energy efficiency. Improved energy efficiency often involves small improvements, such as installing energy-efficient components such as valves or thermostats. However, energy efficiency is an integral part of all aspects of sustainable growth and innovation. To reduce energy consumption and harness the full potential of renewable energy sources and increase their benefits, it is essential to implement efficient technologies and innovative storage solutions. International cooperation has been a key element in the transformation of Mexico`s energy sector. In the area of energy efficiency and sustainability, it can help countries implement energy efficiency measures faster and at a lower cost than would be possible if nations acted alone.
It helps countries exchange information on best practices and technological developments. Cooperation, which contributes to the coherence of regulation across national borders, also helps companies achieve economies of scale in the production of more energy-efficient products and improve international trade. Energy production and consumption are the main source of global greenhouse gas emissions. The energy sector therefore plays a crucial role in countries` efforts to develop and implement long-term strategies to achieve climate goals. Many international organizations, such as the International Energy Agency (IEA), have the impact of energy policy (buildings, industry, transport, etc.) on the projected path of greenhouse gas emissions and on the achievement of the overall climate target of the Paris Agreement (bringing the global average temperature to a level well below 2 degrees Celsius above pre-industrial levels and continuing efforts to limit the increase to 1.5 degrees Celsius).