Third OECD-DOE Workshop: Unlocking finance and investment in offshore wind power and energy efficiency in public buildings in the Philippines, 6-7 March 2024, Makati, Philippines

1. Doubling global progress on energy efficiency
Unlocking finance and investment in offshore wind power and energy efficiency in public
buildings in the Philippines
March 6, 2024
Brian Motherway, Head of the Office of Energy Efficiency and Inclusive Transitions

2. IEA 2024. CC BY 4.0. Page 2
Doubling at the IEA 8th Annual Global Conference on Energy Efficiency
46 governments endorsed the goal of doubling global energy efficiency progress by 2030
at the 8th conference in Versailles, June 2023

3. IEA 2024. CC BY 4.0. Page 3
Doubling global progress on energy efficiency
COP28 final text:
Calls on Parties to contribute to … doubling the global average annual rate of energy efficiency improvements by 2030

4. IEA 2024. CC BY 4.0. Page 4
What is the doubling goal?
Annual improvements in primary energy intensity (energy use per unit of GDP)
0%
1%
2%
3%
4%
5%
2001-10 2011-20 2021 2022 2023E 2022-30 NZE
Primary
energy
intensity
improvement
The IEA’s Net Zero by 2050 Scenario sees a doubling of annual improvement to 2030
x 2

5. IEA 2024. CC BY 4.0. Page 5
Doubling offers substantial rewards
IEA has led the call for a global target to double energy efficiency progress this decade

6. IEA 2024. CC BY 4.0. Page 6
Doubling is within reach of all countries
Over the past 10 years, almost every country has doubled efficiency progress at least once.​
Proportion of countries to surpass a 4% annual energy intensity improvement one or more times, 2012-2021​
0%
20%
40%
60%
80%
100%
At least once
in 10 years
At least twice
in 10 years
At least three times
in 10 years
At least four times
in 10 years
At least five times
in 10 years
Proportion
of
countries

7. IEA 2024. CC BY 4.0. Page 7
Achieving the goal requires action across sectors
Key actions include fuel switching, including electrification; improving the technical efficiency of products
and buildings; and avoided demand through behaviour change and materials efficiency
Actions contributing to a doubling in the rate of annual primary energy intensity improvements in the NZE Scenario
1%
2%
3%
4%
5%
2022 Clean
cooking
Technical
efficiency
Avoided
demand
2030
NZE
Power
Buildings
Transport
Industry
Electrification
and renewables
Fuel switching
Source: IEA (2023), Net Zero Roadmap: A Global Pathway to Keep the 1.5 °C Goal in Reach: 2023 Update.

8. IEA 2024. CC BY 4.0. Page 8
Policies and technologies for doubling already exist
The technologies needed to achieve a doubling already exist, and
policy thresholds are rapidly moving towards the required level.
Minimum Energy Performance Standards, IEA Efficiency Policy Level Index end
uses, global country range, 2023 and 2030
0
20
40
60
80
100
120
140
Lighting
2023
ACs
2023
Ind. motors
2023
Cars
2023
Cars
2030
Index
100=2030
NZE
Scenario
level
Policy level range Median policy level Typically available best-in-class product 2030 NZE Scenario level

9. IEA 2024. CC BY 4.0. Page 9
The energy transition requires a renewed focus on investment
EMDEs need to ramp up substantially their investment in electrification and energy efficiency to be in line with net
zero scenarios
Investment in energy efficiency and electrification in EMDEs in the STEPS and NZE Scenario, 2022-2035

10. IEA 2024. CC BY 4.0. Page 10
Buildings Energy Efficiency Policy Package
• Targets for efficiency,
including renovations.
• Building energy codes.
• Minimum energy
performance requirements.
• Regulations to enable future
flexibility.
• Information on building
energy performance.
• Smart interactive
technologies.
• Training and education for
workforce.
• Public awareness campaigns.
• Retrofit or upgrade grants
and rebates.
• Preferential financing.
• Expedited administrative
procedures.
• Award and recognition
programmes.
INFORMATION INCENTIVES
REGULATION

11. IEA 2024. CC BY 4.0. Page 11
The Road to Net Zero: What we need in the buildings sector
Energy intensity
Improve by
6% per year
2020-2030
4% per year
2030-2040
3% per year
2040-2050
Share of existing
buildings zero-carbon
ready
<1% 20% >80%
Avoided demand in
homes from behaviour
- 12% 14%
Average efficiency of
new space cooling
equipment (Wh/Wh)
3.5-4.5 5.0-6.5 7.5-9.0
Appliances unit
consumption (relative to
2020)
- -25% -40%
Also:
✓ 100% lighting by LEDs by 2030
✓ Universal access to electricity
and clean cooking by 2030
✓ All new buildings are zero-
carbon-ready by 2030
✓ 2.5% buildings are retrofitted
to be zero-carbon-ready every
year by 2030
2020 2030 2050
Source: IEA (2023), Net Zero Roadmap. A Global Pathway to Keep the 1.5C Goal in Reach
Zero-carbon-ready buildings are highly energy-efficient and resilient buildings that either use renewable
energy directly or rely on a source of energy supply that can be fully decarbonised, such as electricity or district
energy

12. IEA 2024. CC BY 4.0. Page 12
Other IEA resources https://elearning.iea.org/

13. Page 13
IEA 2024. CC BY 4.0.
Thank you