IEA to seek ‘achievable’ 4% a year global energy efficiency improvement goal at COP28

Global body the International Energy Agency (IEA) will seek to secure commitments from all governments to improve the global average rate of energy efficiency from 2% a year to 4% a year at the United Nations Climate Change Conference of the Parties (COP) 28 to be held in Dubai from November 30. This goal of doubling yearly energy efficiency improvement is not only achievable but will help to address a significant amount of the greenhouse-gas emissions reductions targets, and improve energy security and help to reduce energy prices, IEA executive director Dr Fatih Birol said during the launch of the IEA ‘Energy Efficiency 2023’ report, on November 29.