There are still several barriers to a full adoption of new energy-efficient technologies that can reduce fossil fuel consumption and greenhouse-gas emissions.
This topic was discussed during the side event organized in Lima, within the framework of the UNFCCC (United Nations Framework Convention on Climate Change) COP 20, by Enel Foundation in cooperation with Harvard University and the Centre for European Economic Research (ZEW) based in Mannheim (Germany).
The event – entitled “Implications of the energy-efficiency gap for reducing greenhouse-gas emissions " - was about the latest international research findings on the so-called “energy-efficiency gap” (the apparent gap between the rate at which energy-efficient technologies are actually adopted and the rate at which we expect them to be adopted, based on expected private financial returns to investment in these technologies) and the problems related to it; international experts of universities, institutions and companies discussed about the consequences of energy-efficiency gap on future climate policies.
The debate was based on the discussion paper "An Assessment of the Energy-Efficiency Gap and Its Implications for Climate-Change Policy", written by Richard G. Newell (Duke University) with Todd Gerarden, Robert N. Stavins and Robert C. Stowe (Harvard University) as part of the Harvard Project on Climate Agreements. This is the third paper on international climate policies resulting from the cooperation between Enel Foundation and Harvard University (download the previous papers: "Can New Market Mechanisms Mobilize Emissions Reductions from the Private Sector? A. Michaelowa and"Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience"M. Ranson, R. N. Stavins).
After the opening remarks by Stavins, the debate was attended by Andreas Löschel (ZEW), Daniele Agostini (Enel Group), Richard G. Newell (Duke University) and Jesús Tamayo Pacheco, President of Supervisory Agency for Investment in Energy and Mining (OSINERGMIN) of Peru.