A significant share of the global population still cannot afford to properly warm or cool their homes. Old, inefficient appliances use more energy and emit more carbon compared to modern, energy-efficient technologies with a considerable impact on the environment. Until low-income households are able to afford advanced, sustainable appliances, society will not become climate-neutral.
To accelerate the energy transition, last year’s COP 28 Presidency took a leading role in improving energy efficiency, looking to increase renewable energy capacity and the rate of energy efficiency by 2030. One key way to achieve these objectives is through the large-scale adoption of modern, energy-efficient appliances via the establishment of the right infrastructure and incentives to help consumers access advanced and sustainable technologies.
Geopolitical tensions and experience with the energy crisis make clear that energy-efficient options contribute to reducing costs and reliance on fossil fuel sources, playing a central role in global decarbonisation plans. Investment in energy-efficient appliances can lead to technical efficiency improvements, reducing the energy intensity of the global stock to the benefit of citizens, consumers, businesses, and governments alike.
Energy is a basic human right. Widening access to advanced, sustainable solutions is not only good for the planet but also for the economy and families across the world. COP29 provides a unique opportunity to be a turning point and start building a just transition for all.
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