Globally, buildings consume more than one third of total end-use energy and cause a fifth of total greenhouse gas emissions. To reduce energy use in buildings is a climate change imperative, but it is also a sizable business opportunity.
The Energy Efficiency in Buildings project (EEB) was created with the ambition that “Projected energy use in buildings in 2030 can be reduced by 50% using today’s best practices and technologies, through actions that offer favorable economic returns” (WBCSD Low Carbon Technology Partnerships initiative, LCTPi).
To this end, EEB developed a vehicle for the private sector to engage with local governments to collaborate on ensuring that the right policies, funding mechanisms, capacity building programs, and awareness are in place to maximize market growth of energy-efficient buildings. The program developed a methodology to convene stakeholders from across the full building value chain, including local authorities, to analyze the local market barriers and chart a commonly agreed action plan to overcome barriers and unlock investments.
Following active engagements in 12 cities from 2018 onwards WBCSD will work with other partners and stakeholders to provide them with the methodology and the lessons learnt, and it will continue to support the local EEB platforms in their mission. The “Handbook for creating dynamic local markets for energy-efficient buildings”