The International Energy Agency (IEA) on Tuesday, April 21, 2020 coordinated a meeting of the Global Committee for Urgent Action on Energy Efficiency to discuss the vital role which can play in improving the effectiveness of government stimulus packages in response to the Covid-19 crisis.
The committee is 23 members from an independent, high-level body created to promote global progress in energy efficiency. The committee is comprised of national leaders, ministers, business leaders and global thought leaders.
The committee discussed the possibility of energy efficiency in creating job opportunities, providing economic incentives and ensuring long-term improvements in energy systems.
“The experience has proven effective in incorporating energy efficiency into stimulus programs,” said Dr. Fateh Birol, Executive Director of the IEA. He added: “Targeted investments can now create jobs immediately and bring long-term benefits to consumers, businesses and the environment.”
The committee will publish its recommendations in the coming months, and will advise governments around the world on how to act to accelerate progress in energy efficiency through good policy measures in terms of design and implementation.