Energy efficiency (EE) is often marketed as a tool to save energy and money. The oft-repeated mantra is doing “more with less”, namely producing more goods with less energy. But, as set out in a recent World Bank report
(which I co-authored), EE can do something that is often much more important for developing countries: it can produce the additional goods and services needed to raise standards of living.
President Xi Jinping announced on Tuesday China’s aim to become carbon neutral before 2060
. Achieving this goal will require the support and engagement of China’s state-owned enterprises (SOEs), as they currently generate more than half of the country’s energy sector emissions
. SOEs are major drivers of greenhouse gas emissions globally, particularly in emerging economies
Later this month, government officials and climate stakeholders will once again converge on New York City (this time virtually) for Climate Week and the United Nations meetings. And while there will be much discussion about the important role that actors such as private businesses, civil society and cities will need to play in the climate change effort, there will once again be relatively little discussion about one key cohort: government-owned companies.
While COVID-19 continues to wreak havoc across Latin America, its governments are developing policies which they hope will provide for a rapid economic recovery when the pandemic wanes.