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World energy efficiency investment and change in energy and non-energy value-added in the 4-for-2°c Scenario

Figure 2.13 World energy efficiency investment and change in energy and non-energy value-added in the 4-for-2 °C Scenario relative to the New Policies Scenario 300 - Value-added in energy sectors 200 Value-added in non-energy sectors .... Energy efficiency investments 100 -100 -200 2010 2012 2014 2016 2018 2020 Billion dollars (2011)

World energy efficiency investment and change in energy and non-energy value-added in the 4-for-2°c Scenario

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Energy efficiency measures adopted in the 4-for-2 °C Scenario bring about a $900 billion increase, relative to the New Policies Scenario, in cumulative investment from 2012 to 2020 (Figure 2.13). Mor... e than half of the increase is due to households purchasing more effcient energy consuming equipment (IEA, 2012a). The increase in cumulative investment in the service and transport sectors respectively reaches more than $160 billion and $170 billion. Energy intensive industries are responsible for only a small share of total energy efficiency investments, as their potential for energy savings is comparatively limited in the period to 2020. The reduction of methane emissions from upstream oil and gas requires a cumulative investment of around $20 billion up to 2020, while power generation investment is slightly reduced, relative to the New Policies Scenario, due to lower electricity demand, driven by energy efficiency policies. The implementation of the four policies will require transfer of technology from developed to developing countries. One such mechanism, Joint Crediting Mechanism (JCM), is being established by the Japanese Government. Through this mechanism a host country receives technology and sets up measuring, reporting, and verification of a projects emissions reductions. Projects include renewable energy, highly efficient power generation, home electronics, etc., which facilitates low-carbon growth in developing countries.