Energy efficiency and the climate change agenda
As EU leaders meet this week, one of the subjects on the agenda will the progress being made towards meeting the Paris climate change targets. What will the council report as to the latest indicators and successes and how is the withdrawal of the US President Donald Trump likely to impact on the chances of meeting these goals outside the EU? Since President Trump announced his decision, many organisations within the US have gone on record to state their solidarity with the agreement and their intention to invest in their infrastructures and systems, and make the changes necessary to increase their energy efficiency and play their part in meeting the overall objective of limiting climate change to 2° by 2100. This includes organisations as diverse as universities, corporations, districts and states.
Successes are being made. The recent report by the UN shows that many policies are already in place or are in the process of being put into place and commends governments for these plans. However, the UN believes that “ the 161 climate plans (counting the EU-28 as one bloc) barely make a dent in efforts to avoid the 2C global warming danger zone.”
With this in mind, a focus on further innovations that will increase energy efficiency and support the global climate change aspirations would be profitable both for the innovator and the climate.
Importantly, the draft conclusions for the summit, state that It is expected that the EU will remain steadfast on the commitments and to “swiftly and fully implement the Paris Agreement, to contribute to the fulfilment of its climate finance goals, and to continue to lead in the fight against climate change.”