Energy Efficiency Finance Task Group (EEFTG)
The Energy Efficiency Finance Task Group (EEFTG) aims to enhance capital flows for energy efficiency investments. It also serves as a forum for G20 policy‑makers to engage with the private and public finance community, industry and international organisations.
To realise the multiple benefits of energy efficiency, greater investment is needed across G20 countries. The IEA estimates that annual energy efficiency investments must increase more than eightfold by 2035 in order for the energy sector to achieve decarbonisation (IEA, 2014, p. 135). Although energy efficiency actions tend to be very cost-effective, some can involve large up-front capital costs, and therefore require access to effective financial products and solutions.
The EEFTG contributes to work under the G20 Energy Efficiency Action Plan.
Why does financing matter for energy efficiency?
Membership and governance
Leading members: France and Me .
Participants: Australia, Canada, China, the EU, Germany, India, Me , Republic of Korea, Russia, the United Kingdom and the United States, along with non-IPEEC member Argentina. Supported by various international organisations including the Organisation for Economic Co-operation and Development (OECD), the European Bank for Reconstruction and Development (EBRD), United Nations Environment Programme Finance Initiative (UNEP FI) and the Clean Energy Solution Centre of the Clean Energy Ministerial (CEM).
Recent developments
Over the past year, the EEFTG has mobilised policy-makers and financial institutions to address the challenge of investing in energy efficiency by:
- developing a set of voluntary energy efficiency investment principles to enhance capital flows;
- supporting a private sector statement on embedding energy efficiency in investment processes;
- consulting leading experts to identify barriers and solutions for financing; and
- publishing a substantive technical report with key insights and solutions for participating governments and businesses.
The latest publications for this task group can be found on the Publications [link] page.