 Good morning, and welcome. D'évoquage galère, ta folcher of bienvenue, bonjour, tous et tous. C'est vraiment Versailles, ici. It really is Versailles, here. IA's 8th annual Global Conference on Energy Efficiency. We're delighted that so many people could join us from so many places around the world. We hope you're going to have a very enjoyable stay with us here in Versailles. Many interesting conversations about energy efficiency. Let's get straight on with our opening panel. Let's get started. Thank you very much. Ladies and gentlemen, dear colleagues, I am very pleased to welcome you, all of you, to Versailles for the IA's 8th annual Global Conference on Energy Efficiency. I would like to sincerely thank Madame Minister of France, Minister Agnès Panier-Annaissaire, and joining us, the IA, to host this event this year. I also want to thank the Danish Minister, Daniel Jorgensen, for co-hosting the last year's event in Denmark, in Sonderberg. It was an excellent event, Mr. Minister. And also thank you for your all support for clean energy globally. Thank you very much for joining us today. Dear colleagues, for those who are with us now and who are following us through our live stream, I can tell you that I am, as head of the IA, very, very happy to see that the energy efficiency gets so much interest. I will give you a couple of numbers about the attendance now. And when we talk about the solar or wind or hydropower, electric cars, there is already a very strong interest. But now I am very happy to see this interest. Now, we have more than 700 people registered throughout this week, and we have over 90 countries represented, and of those countries, more than 30 ministers are with us. And every single region of the world is represented here. As such, it shows me two things. One, there's a lot of interest in energy efficiency. And the second, it's a global issue. I am particularly happy or pleased to see that there are so many colleagues from the emerging world, especially from Africa with us. And I am so happy to see that the content like Africa, having a major development challenge in front of itself, sees energy efficiency as a critical topic. I am also happy to see that in addition to governments, the industry is here, the private sector, we have over 50,000 CEOs from a diverse range of companies, from air-conditioned companies to electric car chargers from construction and buildings to telecoms to IT. So it is not only good news that they are here, but it also makes me happy to see that the private sector sees a business case in energy efficiency. Because with all respect to private sector, one of the main preoccupations of them is to make money, and they see energy efficiency in an area to make money. It is another confirmation of the energy efficiency promising a lot. Now, I would also like to thank the Schneider Electric, who enabled us to meet in this great part of Paris in Versailles, helped us tremendously. Especially the chairman, Jean-Pascal Turka. I don't know if everybody knows Jean-Pascal, but I know Jean-Pascal since many, many years. He is a captain of clean energy transition. It is not only energy efficiency, but around, he has a heart for the emerging countries, and in a very short period of time, I should say he transformed the Schneider as a major, major player in the clean energy area. So Jean-Pascal, thank you very much for what you have done throughout these years for the world and for the energy. Now, dear colleagues, since 24th of February, we are seeing the energy markets are going through a historically turbulent times. Energy prices supply a demand in some countries. We see blackouts and others because energy and geopolitics was very much interwoven. But when we look at the numbers, sit calmly and look at the numbers, as we do at the IEA, one of the good things to work at the IEA is you have all the energy and climate data at your fingertips. So, when we look at this data, one message is coming very clear, very clear. A new clean energy world is emerging. First and faster than many people do realize. I give you a couple of numbers. Solar energy in one year, in one year, additions increase by about 40%. This is what we have built, perhaps in the last 20 years. In one year, it increased by 40% because it's becoming cheaper, mainly, and government support. Another thing, transportation sector. Electric cars. Huge growth. Dear colleagues, two years ago, only two years ago, one out of 25 cars sold in the world was an electric car. One out of 25, two years ago. And this year, it is one out of five cars sold in the world as an electric car. Huge growth, the electric cars. The same thing we see in heat pumps. In many parts of the world, in Europe, in the United States, the sales of heat pumps for heating purposes are taking over that of traditional heating systems. In France, Madame Minnes is a very good example for that. Another clean energy technology for us, for the IEA, which is nuclear power is making a comeback across the world. So we are seeing that the clean energy is coming very, very strongly. I want to share one more number. I am very sorry about this number. I find it extremely important and symbolic, but also in real terms. According to our report we published last week, Investment Report. This year, amount of investments going to solar is higher than amount of investment in going to oil production. This is, in my view, something tells a lot for all of us to consider. Now, what about energy efficiency in this whole context? And we also see that from this emergence of new clean energy system, energy efficiency is also coming very strongly. In the last one and a half years, many countries around the world, covering 70% of the global economy, came up with new, most cases, binding policies for energy efficiency. Some of them for building, some of them for transportation, and some of them for industry. This is very encouraging. And last year, global energy efficiency improvement was two times higher than the historical averages, which makes us again very happy. But dear colleagues, despite this some good news that the emergence of the clean energy system, we see that we are still far from reaching our climate and energy targets. Still a lot of room to go. But definitely we are on the right track. We have to do more. And I should tell you that what also makes me happy on the political level is the determination of many countries. Last 10 days ago, I was in Hiroshima, the G7 Leader Summit. Prime Minister Kishida chaired the meeting. But he also invited some of the major non-G7 major energy consumers such as President Lula of Brazil, such as Prime Minister Modi of India, such as the President of Indonesia, Djokovidodo. There was a lot of convergence of world leaders coming from different political backgrounds, different continents, different economic development levels, that the clean energy is the future of the world's energy. Major convergence. In that session, climate and energy session, I made a call, and I want to repeat this here to all of you, to world leaders. Because we believe 2030 is a very important milestone. Of course, all the many countries, policies go to 20 to 26, but we want to play safe 2030. So our 2030, 2030, based on the intense energy agencies, I should say now, the legendary benchmark study two years ago, NET-02050. What happens, what new step in 2030 is two things. Between now and 2030, we have to double two times increase in energy efficiency and three times increase in renewable capacity. So this is our vision. Double the energy efficiency improvement and triple the renewable capacity. Of course, we need other technologies as well, but we think these are the pillars of clean energy transition. Our chances to have a equitable and just energy transition. So why do we want the energy efficiency to double, two times increase? First of all, we want energy to be affordable for the people, especially those in the low income countries. We want energy to be secure and we want energy to help us to reach our climate targets. So it is the reason we very much like to see that we have also a momentum in this excellent gathering of the ministers, CEOs, the NGOs and other organizations to look at the vision of how we can double the energy efficiency improvement globally. So this is our hope, this is our wish. Before finishing my words, once again, I want to thank the French government to co-host this meeting with us and also Shinada Electric for the great support. Now, ladies and gentlemen, if you allow me, I would like to invite Madam Minister to share her remarks with us. Thank you very much and Madam Ministers, please. Ministers, ladies and gentlemen, dear colleagues and dear friends, let me begin by expressing my warm thanks to Fati Birol, our outstanding IEA director for organizing this conference and to Jean Pascal from Schneider Electric for supporting it. And I'm very happy to welcome you in Paris just two weeks before the Paris Summit where President Macron will push a very ambitious climate agenda on global financing. Dear friends, as you know, we are facing a double crisis. We are facing a climate crisis. The IPCC is telling us we are on calls to overshoot our 1.5-degree target, maybe even before 2030, and we are seeing the dramatic consequences of this already with massive wildfires all over the world and even as we speak in Canada. We are also facing an energy crisis. With the war in Ukraine, energy prices surged, threatening our people and our companies. The first and easiest way to address this double crisis is to reduce energy demand. To accelerate on the reduction of energy demand, we have two major levels, energy savings and energy efficiency. Energy savings first is one of the most cost-efficient solutions. To be blunt, turning down the heater or switching the light off does not cost anything except changing one's habits, but it implies behavioral change that governments can nudge. In France, we have launched a plan sobriety sufficiency plan that encourages all sectors to reduce energy demand. We have asked our largest companies or global companies to implement their own energy savings plan, and we elaborated one for public bodies so as to set the example and motivate the whole population to adjust its behavior. And during last winter, this initiative helped us in France to reduce our electricity and gas consumption altogether by 12%. And I want to be clear, it was not only a question of hot weather or of price signal, it was the outcome of an action plan that was broadly implemented. We will be launching in a couple of days the second phase of this plan to make it last beyond the energy crisis, to make it contribute to the long-term fight against climate change. Our different plans include training young people at school on energy savings, asking every major company to implement this sufficiency plan and working with all sectors of the economy to identify good practices and disseminate them as widely as possible. I am happy to see that other countries are developing similar tools. I am thinking, for example, about India with its life program. And I am happy to see that this question is raising in the discussions around the world, such as in the last G7 on energy. In Europe, we took emergency measures to reduce energy consumption in the context of the energy crisis. Together, EU countries achieved a reduction of 19% of gas consumption between August 2022 and March 2023. We need now to plunge these efforts in the long run. The second tool is obviously energy efficiency. As Fatih mentioned, and I thank the IEA for its new study on energy efficiency, bringing efficiency improvements to 4% per year would reduce up to one-third the current global energy consumption and emissions. This is massive and it is a clear call to action. As the IEA pointed out, it also carries additional benefits. Doubling efficiency measures in the world by 2030 would create an additional 12 million jobs, which is something. Help bring electricity to more than 800 million people and reinforce energy security. All sectors are involved when it comes to accelerating energy efficiency measures. I am thinking of course about building renovation and building automation and control systems. I also think of more efficient vehicles, appliances and industrial processes. To succeed, we need a deep involvement of all stakeholders represented during this conference. Governments and public bodies, of course, but also companies and finance operators. And as mentioned by the IEA, doubling annual efficiency-related investments would be needed by the end of the decade. To succeed, all countries need to take significant steps now. And I believe this eighth global conference on energy efficiency is a great opportunity to collectively find a way towards the net zero scenario, a win-win scenario. I am convinced that this global conference will help building more ambitious policies, finding innovative technological solutions and encouraging behavioural change. So thank you very much again for being here, for taking your part of this new battle. And I wish you fruitful debates for this major conference. Thank you. Thank you very much, Madam Minister. And as you said, we are all looking forward to President Macron's summit very soon, where we hope to see some good news in terms of a key topic. One of the main barriers for clean energy, namely financing. So we are very much looking forward to that. In 2015, Paris was the city, gave the word, the Paris Agreement. And I very much hope that the President Macron's summit will provide another good news in terms of financing. So, dear colleagues, we mentioned that last year there was an excellent meeting in Sonderbach, organised together with IEA and Danish government, and with the help of Danfos. And this year, we are once again thankful to Schneider Electric and its chairman, Jean Pascal Trucker. Where will the next year's meeting will be is a question mark for many, but not for me and one of the ministers. This minister will soon announce it, but for this year, we are very happy to have it in Versailles. And we are very honoured to have the support of Schneider Electric and its captain, my friend Mr Trucker, Jean Pascal. Good morning, dear Excellencies, dear ministers, dear leaders, dear friends. First, I really like to thank you for honouring us of your valuable presence on your precious time to join us in this beautiful city of Versailles at the beginning of June. But we know that your agenda is very busy, so we really appreciate that you take the time so that we will discuss and work together on this key subject of energy efficiency. Fatih, I'd like to really also thank you. We've been really working together for now many, many years. But thank you for organising this event and associating Schneider Electric to the organisation of it. You know, I think if we're in this room today, when people speak about energy around the world, people love to speak about the supply. And these are passionate debates about oil, gas, renewable, nuclear. Sometimes it's very passionate. But very often the forgotten child of this is energy efficiency, while in all of our countries and companies, we consider it the highest priority. So we should all integrate that somewhere, the cleaners, the cheapest, on the fastest source of energy to implement is energy efficiency. And we've been given direction, very clear direction of IEA on the French government. And now I would like to focus as an industrialist on the how, on where I see the opportunities on the problems that we are facing together on our journey to energy efficiency. So in the next 10 minutes, I'm going to be speaking about that. And I want to start by three disclaimers. First, I'm going to serve you with a lot of figures, which is a pretty dry exercise for a breakfast time. An apology for that. Ungranted, you will find that most of those figures seem to be wrong. Actually, like every figure about the future, they are as wrong as any figures. On this peak about global average, I can just certify one thing. After 20 years of practical experience, they are directionally right. On the express, I think what we are facing. The second thing is that I'm not going to cover all subjects. I'm not going to be speaking in industry, while Schneider is doing 50% of its business in industry. Because our experience that industry over the past years has been taking very seriously the subject of carbon emission reduction for attractiveness and energy cost reduction for competitiveness. So I'm going to focus, and that's my third disclaimer, all my examples on the building segment. Because, well, first, IEA says it's the most inefficient part of the environment around us. It's responsible for 40% of carbon emission. And you know what? In this room, we all live in buildings. We all manage buildings. We sometimes own buildings. So we all share a responsibility. After those three disclaimers, I will jump into the subject and make a quick picture of the situation. Anybody or everybody who works in energy and climate knows that we have two responsibilities. One is to bring safe, as you said, fatty, affordable energy to 3 billion more people on Earth. The 800 million that today don't have access to electricity and the 2 more billion will join us in the next 30 years. And energy is your passport to a decent life, so our duty is to make sure that in 2050 everybody has access to it. The second one is to curb radically the emissions. And if you look at the red curve, this is what happens if we stay with today's model. And if you look at the green curve, this is an IEA scenario. This is a net zero scenario. This is where we need to bring the curve of emission. And you see that it's not an evolution. It's a revolution of a trend. And that goes with a combination of decarbonizing fossil fuels, because they will still be with us in 30 years. A lot of electrification, which is electrification of usages coupled with production of decarbonized electricity. And you see the part of energy efficiency speak about the forgotten topic, which makes the largest part of the contribution to reaching the objective. And so now let's be very practical. I say that we'll be focusing. 15 days ago, we're in France today, my country. And 15 days ago, there was a report. The report, Pisani, was given to the government and expresses what it means for France to go back to a net zero trajectory. And I don't need to explain that what you see here is a drastic change of evolution of carbon emission, not in 30 years, in the next eight years. That's today, that's tomorrow. And again, I say that we focus on building and it's good news because building is the biggest contributor to that reduction. But it means that for buildings, we have to do three times more reduction than what we've done in the past 10 years than the 10 years before. So speak about the change. It's a big disruption in the way we see things. Now zoom out and go to the largest thing in Europe. And I'm starting with developed countries. I'm not forgetting fast growing countries or fast developing new economies in a nutshell. But if Europe has the same problem as France, it's a complete change of trend, a complete change of speed. And the observation is very simple. The current model that we have, even today as we speak, does not work. So we normally, when we speak about energy efficiency, we tend to revert to new construction except that 99% of the operating emissions are happening in existing buildings. I take the figures of the European Commission. 75% are considered as inefficient. Actually, it's a quite forgiving definition. That doesn't mean those buildings are net zero compliant. Actually, if you go to net zero compliant, you are more less than 10% of the building which are compliant. So now I'm not very good at math, but today we retrofit at maximum 0.5% of the building every year. Which means we are on a trajectory to have solved our problems in 150 years, which brings two problems. It doesn't fit with the objective of Europe, which wants to be net zero by 2050. And personally, my life expectancy, unfortunately, is not 150 years. And I would really love to solve that problem for my children in the next 25 years. So if we need to do that, we need to go from 0.5 to 3% of retrofit every year to bring that down to 25 years. Which means we have to do multiply by 6 in terms of time of retrofit. In industry, when you want to reach multiply by 6, you should for multiply by 10. Or maybe you have a chance to go to multiply by 6. So let's say that multiply by 10 is the objective. Now let's take a break from energy. Stop speaking about energy. And let's go back to the past. In the 90s, one of the key objectives for humanity was to give everybody access to a phone. Why was that? Because phone is your inclusion to economy and to education. And at that time, in 1990, 30 years ago, only 10% of the world population had access to a phone. Fast forward 30 years today, 90% of the world population has access to a phone. How did we accomplish that miracle? We complemented the existing technology landlines with new technologies. Wireless for deployment at scale, much faster. On digitization, go into smartphone so that the phone wouldn't be just giving a call. It would bring you Uber. It would bring you tons of services, remote meetings that were not existing before. Let's take this analogy and speak about energy. The way we've addressed energy efficiency in the past many years has been mostly through traditional insulation of buildings. Now let's look at what the world has become in the past 10 years. You had the emergence of technology disruption. The first one is digitization, smart homes, smart buildings, smart metering, which allow you to know where you consume, how much you consume, and to control automatically loads. The second one is, and that was mentioned by Fatih with striking figures of evolution, the electrification of usages. Of course, the fashionable part of it is cars because we're all passionate about cars, but the most impactful is probably heat pumps. For a disclaimer, Schneider doesn't do heat pumps, so I'm promoting a cause that we don't benefit of. And then the other part of the equation is decarbonization, where all of us on the roof of our companies, of our homes, we can start producing energy through photovoltaic storage, microgrids, and we can share better the energy through smart grids on demand response sectors. On 70% of CO2 emissions can be removed today using existing technology, not waiting for the next innovation. So take figures, and again I can be criticized on those figures, the average of everything we do at Schneider, but you see that the first line, which is the savings on the cost, is the way we do it today, mostly through passive insulation of buildings. Take digital energy efficiency, go into a smart home smart building, brings you for one-fifth to one-tenth of the cost on much faster times of implementation, brings you the same result, or a very significant part of the result. On same thing for heat pumps, on same thing for rooftops, on really time is money there because you can deploy much faster. And we can say we've done a lot in energy efficiency, take care of, which is supposed to be a green continent, only 10% of the building have digital in them, and residential is less than 2% equipped with digital controls. We are just at the beginning of the revolution of digitization in the buildings. I will skip that one, it shows you that in a home with existing technologies, respect to the average home, you can divide by 2, 2, 3, the energy bill, and the emissions, or 4, 2, 10 in the new if you combine passive and active. And now I'm going to switch a little bit focal on a very key topic for the world. And I'm really meaning it because Schneider does 50%. We do 50% of our business in new economies in the fastest developing part of the world. And again in the spirit of focusing, I've just taken two geographies, which will be the place of the highest growth of population in the next coming 30 years, Africa and India. Plus 1.3 billion people, many people moving to cities, more than 40% of the world population in 30 years time. And as we, I have committed to speak only about buildings, think about that. In those two continents, there will be the building of 100 billion square meters in the next 30 years, which represents the equivalent of today's China plus Europe, or represents a plus 40% in the building square footage of the world. Which means here, not only of course we should try to retrofit, but what's important is to bring technologies that make it possible to build from the beginning net zero compliant. And that's a worldwide effort because that impacts all of us. So that's a lot of talking about what we should be doing on the challenges that we have, but we can see also this as many opportunities for us to progress, especially as we benefit from the explosion of those new technologies. Look, technologies do exist. The revolution to accomplish is probably as exciting as the one of internet, as the one that drove us, all of us to have a smartphone. My wildest dream for this conference is that we work practically on what are the barriers and how we can remove those barriers and open the way to energy efficiency at scale. And it's not only about carbon, it's about money. Think about it. I mean, when you save on your energy, all of us save on our PNL, on our resources. The people in our country get more money that they can put in things. You invest one shot, but you get recurrent savings. It's also about the balance of trade of countries because importation of fossil fuels costs a lot to many countries. So it's about not only carbon, but it's also about the finances of everybody in the world. And it's about job creation because if you work on new construction, you work on 1% of the park. If you work on energy efficiency, you work on 99% of the existing facilities. So with that introduction, 10x should be our objective. And I look forward to working with you over the next two days on this fascinating subject. Thank you very much. Thank you very much, Jean Pascal for these excellent remarks. So dear colleagues, I am about to finish this session. But once again, thank the French government and the Schneider Electric for joining the forces with the year to organize this major, major meeting on global energy efficiency. I will mention throughout these two days, but also thanks go to my colleague, Brian Motherway. He's our energy efficiency guru, but also works on the just equitable energy transition, thanks to them as well. Now we are moving to the next session, a very old-star session, the next session. But before that, please join me to thank once again the French government and Schneider Electric for their great efforts. Thank you. Dear colleagues, as I said, we have a very, very powerful and diverse panel here. I don't know you, but I am really myself looking forward to hear what they think and energy efficiency in their countries, in their businesses, and whether the IEA is too much of dreaming that the energy efficiency is becoming a major preoccupation for the governments. Is it right or wrong? I am very much looking forward to hear that. We have, as I said, an old-star team here. One of the ministers on her way, the Togo minister. We are waiting in a moment for her to arrive. But now maybe I first introduce our colleagues here, and very left. We are very happy to have the Madame Commissioner from the European Union, Mrs. Cardi Simpson. Thank you very much. And then we have next to her Zao Shenzhen, the vice chairman of the NDRC of China. Thank you very much, Mr. Chairman, for joining us today. Again, on my left, we have Kristina Gambo, who is the CEO of the World Green Building Council. Thank you very much once again for your support. On my very right, we have, as I mentioned, then Jorgensen, a minister for development, cooperation, and for global climate action. And then once again, I think the third time, thank you very much for all the support. And we are very honored to have the Minister of Energy and Petroleum. His Excellency, Mr. Churchill, thank you very much for coming here. Now, what I thought is that I will give the colleagues just three minutes of an opening remark in their businesses, in their daily work, with the governments, with the industry, how important energy efficiency is for their work. And do they really see what we are seeing at the IEA, that it is getting much, much important when it comes to provide affordable energy, secure energy, and also addressing the environmental issues? Maybe I can start with the Madame Commissioner. Madame Commissioner, the last one and a half years were very challenging in Europe. And one of the tools, if I may say so, you used to address the looming energy crisis in Europe and you were able to tackle it, in my view, excellent way in Europe. We have not seen in Europe a recession, we have not seen a blackout, and we were able to bring the emissions 2.5 percent down. So, I hope energy efficiency played an important role in achieving those impressive numbers. Over to you, Madame Commissioner. Yes, indeed, energy efficiency played a very important role. And before I will take my three minutes to explain what we did and what we plan to do in the midterm, I want to thank you and the International Energy Agency for your very good cooperation and advice. Because in this situation, when you are losing your dominant gas supplier overnight and facing lots of uncertainties, partners like the International Energy Agency are a very crucial part of your plan. And you gave us clear instructions with your 10-point plan already last spring that on top of diversifying away from Russian supply to trusted partners, we did so. Now our major gas supplier is Norway instead of Russia. And by switching fuel where you can, you also have to prioritize energy savings. And it was one of the first emergency measures so that European ministers, 27 energy ministers, managed to agree on. It took us six days that agreement that we are starting now to save the natural gas. And Anja Spanier-Runarser already mentioned that our gas consumption between August last year and till March this year was 18% smaller than the same period of five-year average. And that means that we saved 53 billion cubic meters of gas. But if I should simplify the numbers, then basically this was the gas we were able to put into our storage. On top of successfully diversifying away from international partners who supplied us additional gas and on top of fuel switch. And if your underground gas storage is full, then it calms the markets. How we did that? Well, first of all, it was behavioural change, really awareness campaigns so that every single citizen knew that it makes sense to save where you can. There were also governmental decisions. Some countries gave clear instructions that you should not heat outdoor cafeterias or terraces. Others gave instructions to limit the outdoor traffic lightning, for example. Simple steps, but all together citizens and industry saved 53 billion cubic meters. And then, of course, it was extraordinary year for our renewables. And as we all know, if larger share of renewables will cover our electricity consumption, then it also demands storage solutions and digitalization of our creeds. And this is our next step. We will invest massively to upgrade our creed and to digitalize because unless we will do so, we will not achieve our new very ambitious targets for 2030. 42 and a half percent of our energy should be covered by renewables and on top of that very ambitious target for energy efficiency. And we do believe that it makes sense. It is cost efficient. And this is also the reason why our President von der Leyen announced that at COP we are creating a broad alliance of like-minded governments. And I want to thank you again for helping us to create this coalition of governments and countries who are willing to play their part and are willing to commit also so that we will achieve these targets on energy efficiency. And of course it needs massive investment, but unless we will do so, we will not meet various targets and this is something that is necessary and disputable. Thank you. Thank you very much. Thank you very much, Madam Commissioner. First of all, once again what you have achieved in Europe last year and also for your remarks now. If I may ask you one very quick question, Madam Commissioner. We know that the many governments, we have 27 of them, it takes the energy efficiency seriously. Do you have the feeling that they are really determined to take it to the next step energy efficiency in their day-to-day work, those European governments? Because they already did a lot as you mentioned, but do you see that also in the next years they are considering the energy efficiency in the buildings, in transportation as a key policy agenda item? Yes, we do. We see this in real life because we are not only negotiating higher, very ambitious targets, but on top of that our governments are preparing national energy and climate plans. These are plans of projects in pipeline that allow them to achieve what was promised and of course target for each and every member state is different, so this is unique. This is not like France and Cyprus and Finland will have the same way to achieve climate neutrality or energy efficiency gains. But with the help of commission we calculate what is possible, highest possible target for 2030, and then they will fill their national plans with projects. On top of that we do have additional financing available. It was three years ago when COVID hit us and we decided that our recovery has to be green and digital recovery. And that's why now member states do have these additional hundreds of billions available at their disposal and they will invest massively into their innovation. This creates local jobs. This helps us to cut fossil fuel consumption. And this of course brings benefits to the wider range of citizens with affordable heating pills. And it is necessary to guarantee the support for our green transition. We need citizens support for that. Thank you very much, Madam Commissioner. So I can take from what you say is that the efforts of the European countries are very much in line with the IEA's vision of doubling, even further doubling the energy efficiency. Congratulations for that. Now from Europe we go to a major, major country, China. Dear colleagues, when you look at the numbers today in terms of the clean energy transition for solar, for wind, for electric cars, for nuclear, China is playing a leading role. Now here, therefore, we are very happy to host Mr. Chairman of the National Development and Reform Commission, NDRC. His Excellency, Mr. Xiao, to share with us first of all his opening remarks. Mr. Chairman, we are looking forward to hear from you, China's experience in clean energy. Over to you. Thank you. Thank you for Executive Director Birol for providing us with this opportunity. It's my honor to participate in the conference this morning. Glad to meet you. Just now Executive Director Birol already has told us that today is a very important opportunity and there are participants from over 90 countries, government agencies, international organizations, businesses. I think we have over 700 people here today, right? So together so that we can discuss energy efficiency and addressing climate change. And I think this is extremely meaningful. Just now Executive Director Birol also said that he really pays great attention to the situation in China and is quite familiar with it. And it is my honor to, on behalf of the Chinese National Development and Reform Commission, to congratulate all participants of today's conference. And I would also like to express my most sincere gratitude to the Ministry of Energy Transition of France and the IAEA for organizing this conference. In this first section Executive Director Birol and Minister Agnes Panier-Rounachet of France, as well as the Director of Schneider Electric told us a little bit about government statistics and various information. I think this is very inspiring to all of us. So as Director Birol asked, I would like to use this opportunity to share with you some information about the current situation in China. We believe that energy and climate change are some of the most serious global challenges that we face today. And I think that these have to do with the fate of all of humanity. If we can promote energy conservation and increase energy efficiency around the whole world, I think this is something that all of us need to work on and this will help increase energy security. Also, energy security is the foundation for increasing energy efficiency. If we can improve the reliability and affordability of the energy we can obtain, this will help promote a decrease in carbon emissions and would also help us to actively fight climate change as well. It would also help us promote new drivers of growth and to achieve more robust, greener and healthier global development. As for China, we have for years been prioritizing energy conservation and increasing energy efficiency in accordance with Xi Jinping's thought on ecological civilization. China has been establishing and implementing its policy of clear water and green mountains alongside mountains of silver and gold. And we have been implementing a comprehensive energy conservation strategy so that we can decarbonize all of society, promote the establishment of an ecological civilization in China, and this has undergone historical, transformative and comprehensive changes in recent years. Here, I also wanted to give you a few specific figures. When it comes to energy efficiency, it has really improved in China. We can see clear results from the energy transition. Just now, Dr. Burel shared some statistics with you and I think that mine will also be of interest to you and perhaps might surprise you. China has been focusing on energy efficiency as the basis for social and economic development and we have extended it to all areas. We are focusing on conservation in technology, management, and structural energy conservation as well. For the past decade, China's cumulative energy intensity has decreased by 26.4 percent and our annual energy consumption increase of 3 percent has supported an annual economic growth of 6.2 percent and you have to really make great efforts to achieve these kinds of results. We are also one of the countries in the world with the fastest reduction in energy intensity. We are actively promoting the energy transition and promoting the development of renewables last year in 2022. China's new wind and solar installed capacity accounted for 78 percent of all new installed capacity in the country and nationally, the scope of renewable installed capacity surpassed 1.2 billion kilowatts and we have been occupying first place around the world for the past several years and this situation will continue. Moreover, we are making progress on conservation and decreasing our reliance on carbon, green industry development. We have been upgrading and refurbishing our industrial capacity as well. Starting in 2012, China has decreased large-scale industry energy intensity by 36.2 percent and we have been focusing on the development of green architecture and building retrofitting. For example, at the end of 2022, energy efficient buildings in China accounted for 65 percent of the surface of residential buildings, of which 90 percent were accounted for by green buildings built that year. So, just now, we heard the director of Schneider Electric who told us a little, a lot about various ways of increasing energy efficiency and conserving energy and actually this is something we are already implementing in China. The new energy vehicle industry is also rapidly developing. Now, you also mentioned NAVs and we are also leading on this as well. Last year, in 2022, our production and sales of NAVs reached 7.06 million and 6.89 million, respectively. In terms of sales and production for the past eight years, we have been also occupying first place in the world. Moreover, we are continuously improving our energy conservation system and governance. As early as the 1980s, China adopted regulations on energy conservation and I hope that all of the representatives from different countries today might understand a little bit more about energy conservation in China. We actually started working on energy conservation very early, as early as the 1980s. This is when we first published our energy conservation regulations. As for the 90s, this is when we adopted the law on energy conservation and we adopted regulations on residential buildings, public institutions, we conducted energy conservation audits and monitoring, implemented energy efficiency labeling, and we have a department which is in charge of the labeling requirement in China. We have the director of the department here with us today in our delegation. This is a very effective program. Also, we have improved management of the important energy units in China as well. All of this has created a comprehensive regulatory and legal framework. Of course, this is continuing to be optimized depending on the changing environment. We have also adopted 364 national standards in the area and we have covered all key industries and equipment, essentially. We have been also actively developing a market mechanism so that we can improve policy with respect to pricing, budget, taxation, financing, et cetera, and so that we can more effectively and efficiently distribute our energy resources. And there's another area which also just came up just now. We are continuing to promote the idea of energy conservation. We are trying to raise awareness of this issue. Just now, some friends mentioned that it's important for everyone to participate in energy conservation. We need to really cover all of society as it participates. As for a green lifestyle, green living is something that we're trying to promote in China. Starting in the 1990s, for the past 32 years, China has been organizing an energy conservation awareness week so that we can encourage more and more people to embrace green living, to promote energy conservation, decreasing our reliance on carbon, making these into a new fashionable trend in society. This year, from July 10th to July 16th, we will organize the 33rd Energy Conservation Week, and we are working on it, preparing it all across the country. The theme of the year is energy conservation, decreasing our use of carbon, starting from you and me. All across the country, at the local level, we are organizing all kinds of educational activities so that we can promote this idea, share knowledge about energy efficiency, and raise awareness in society. Ladies and gentlemen, dear friends, as all of you are aware, China is committed to achieving carbon peaking by 2030 and carbon neutrality by 2060. This is a commitment that President Xi Jinping made to the international community. And it is also an inherent need for our high-quality development. As the largest developing country in the world, we are achieving the biggest drop in carbon intensity around the world. And we will accomplish the fastest transition in history from carbon peaking to carbon neutrality. After hearing this, I know that all of you will know that this requires great efforts on our parts. But we have already adopted the necessary policies and all across the country we are making great efforts to accomplish this. We are doing everything we can to make the preparations in accordance with the report of the 20th Party Congress so that we can focus on our dual carbon goals. Decrease carbon, fight pollution, promote ecological development, to conserve energy and promote green and low-carbon development. So first, we must accomplish carbon peaking and carbon neutrality. We will do, as we say, we will essentially make every effort to do this. Second, we need to promote energy conservation and increase energy efficiency. Here we also have an important national policy which concerns energy, water, food, soil, mines and materials. All of these need to undergo conservation, integrated conservation. Third, we need to conduct an energy transition, a green transition in our development model. And fourth, we need to prevent and manage pollution. In the face of energy and climate change and these kinds of global challenges, we all need to work together hand-in-hand, all of our countries. Today, IA is holding a major conference so that we can all work together. China will focus on the idea of a community with a shared future for humanity and with all parties together with the G20, BRICS, the EE Hub and other multilateral organizations will continue to deepen international cooperation on energy efficiency. We will adhere to the principle of common but differentiated responsibility so that we can fully implement the UN Framework Convention on Climate Change and its Paris Agreement. And in this way, we can contribute to the fight against climate change and the energy transition. I will stop here. Thank you so much, Mr. Birol. Mr. Chairman, for this comprehensive and very informative remarks. So dear colleagues, when you look at the numbers, there is no single country in the world that will not be affected by the decisions made in Beijing, in China because of the big economy. Major energy consumer is a significant driver of clean energy technology. So I think it was very good for all of us, at least for me, I should say, to hear from the Chairman of the NDRC his views about China and the world. Mr. Chairman, if I may, I have one question to you, very quick question. I mean, you mentioned the critical importance of energy efficiency to reaching the peaking of carbon and then later on, 2060 neutrality, and China achieved a lot in terms of energy efficiency, you said. Are there one or two lessons that you wanted to share with us briefly in terms of your experiences in improving energy efficiency, energy conservation in China? Lower your hand. Thank you so much, Mr. Birol, for this important question. Just now you also mentioned the relationship between energy and development. China is the world's largest developing country. Development relies on energy. Without energy security, there can be no development to speak of, and development is the most important human right. We are making every effort to achieve the dual carbon goals, and we are also protecting energy security at the same time so that we can promote China's development. This huge country, China, with its 1.4 billion people, if we can develop in a stable manner, this is something that can also provide better development opportunities for countries around the world as well. And also, China's development is very meaningful for the entire world as a whole. Of course, you just asked me about energy efficiency. Indeed, we are striving for development, and this requires energy. And we, of course, want our energy to be more efficient, so energy efficiency is also an interpinning of our development. And in this way, we can achieve several goals at the same time. And we are working on this. We do have some relevant experience that I wanted to share with you. And really, all of you know that China has a lot of coal and not a lot of natural gas. So these are natural resources, and this is why we have to first establish the new before polishing the old so that we can have a reliable foundation and replace old energy with new energy. This is why we are continuously improving our planning for our new energy system. Now, there are three areas of experience which I wanted to share with you. Number one, we are deepening effective clean coal, because we have a lot of coal. This is our natural environment, but when we do use the coal, we have to use it effectively and we should use it in a clean manner. We have already accomplished this. Our coal burning power plants, energy efficiency, is already number one in the world. And China has been focusing on clean coal for a long time. We have been consistently promoting coal-fired power plants and their refurbishment to decrease coal emissions, to increase flexibility, and also refurbishing heat systems. This is our three refurbishments plan. And I know that there are many business people who are here today, and of course all of you know that you need government support. And at the same time, investment from businesses, we have already refurbished over 520 million kilowatts. And our kilowatt hour efficiency has also improved greatly. So this is the first section of our experience which I wanted to share with you. We are promoting clean coal and the effective use of this coal efficiency as well. Second, we are also focusing on new energy development. The promotion of new energy, the promotion of clean energy has always been a priority for us. We are planning to, in the Gobi Desert, to build 450 kilowatts of PV to promote environmental protection and also we will have hydropower as well. And then we will also focus on nuclear development. Mr. Ferold just now, you also mentioned these programs that we have. New PV and wind in China over the past three years have been over 100 million kilowatts per year. As for renewables-installed capacity, as I have said, has already surpassed 1.2 billion kilowatts. And I'm sure that there are some American colleagues here. Our new installed capacity is similar for renewables to United States-installed capacity. Wind, PV, biomass and nuclear all put together are number one in the world. This is the second point which I wanted to make today. And this is the second aspect of our experience that I wanted to share with you. We are really promoting the development of renewables, different types of renewables, and they're all expanding rapidly. Number three, we also continue our focus on energy security. Without energy security, you can't increase energy efficiency, fight climate change, etc. It is only on the basis of energy security that you can consistently, robustly, gradually increase energy efficiency. As a large developing country, China's energy needs recently have been increasing. We'll continue to increase in the near future as well. So in addition to decarbonizing, we need to ensure energy security and make sure that our people can continue their normal lives. We also have to promote production, supply, storage and distribution of energy in China. China has a system that has to be systematic. We must work on coal, gas, nuclear and promote a comprehensive energy system with both traditional sources of energy and renewables. And of course, depending on the actual situation and developments, we adopt our approach. Our energy mix and our operations focus on a green transition, a low-carbon transition, so we will really focus on this in the future, but I wanted to share with you today. Thank you. Thank you very much, Mr. Chairman. So it is great that you cover such a great range of issues. In addition to the renewables and clean energy role of China, your other efforts in terms of bringing the emissions down. And as you rightly mentioned, the coal is stubborn. And if we want to reach our climate targets, we have to bring the coal emissions down, coal down, and this is the major challenge in many countries. You also mentioned the international collaboration. Mr. Chairman, this is great. We have so many countries. We are very happy that China joined the international energy agency. I think seven years ago, as a member of our family, together with India, Brazil, Indonesia, and others, we are grateful for this good cooperation. Now, dear colleagues, after two major economic powers, Europe and China, I am now turning to an area where we see a lot of energies used and efficiency is critical, namely buildings. As such, I would like to then ask Mrs. Christina Gamboa, who is the CEO of World Green Buildings Council, to share her views about the role of energy efficiency in energy consumption in buildings. Over to you, please. Thank you so much. Thank you again for the invitation. And yes, following two economic powers, let's see what I can contribute here to the vision of lessons from the crisis and also what we can do together, because I think each one of us, there's so many things to do. The challenges are huge, but we all have a role to play wherever we stand. So I also want to, let's say, with my experience with what I do, also bring a sense of inspiration. And you were saying also Fatih in the introduction, are we thinking alongside the same lines of the IAA and the research and what I can say is that the research and the data is very much valued around the world because it brings clarity and vision. And I guess it also brings inspiration and clarity to policy makers on the road to travel along business, inspiring business. But I guess one of the perks of my job, I'm from Colombia and I relocated to London to lead this world superpower called the World Green Building Council, is that we are determined to bring holistic sustainability principles in action to secure the 1.5 degree ambition by 2030. We work in over 75 countries and have the privilege to work with 46,000 companies. Many of you are involved. And what we do is have a space for deeper collaboration, but in particular, how is energy efficiency fitting all to this? Solutions already exist and what we bring is clarity and road maps to scale. So I see a clear evidence that the transition is happening. It is happening and buildings of course have a long way to go. We saw the 10X, but it just takes clarity and that deep collaboration that I was mentioning to accelerate that trend. Our Green Building Council model for collaboration is an example of leadership in this transition because these organizations are at the forefront of delivering 1.5 degree scenario aligned rating tools for example for buildings or voluntary certification schemes that also contribute to bring clarity to national government schemes, usually going beyond code, but importantly national decarbonization road maps. We've done those for the built environment in over I guess now 15 countries from Colombia to Poland to Australia. And what we are now doing with those road maps clear in action and with the collaboration of many actors including the IAA is now bringing diverse stakeholder communities to SYNC and that's where I want to pause a second to explain the SYNC component because we do have a vision. There's clarity in the numbers. We need to double efficiency by 2030 and we now have a clear evidence that that won't happen with all sectors contributing their part. This environment has a huge potential and policy makers can help the private sector leadership get there. I want to mention World Green Building Council's NETZERO Carbon Buildings Commitment. We put out this in 2017 when possibly NETZERO was not a buzzword. And what we've done now is updated to a whole life carbon approach that I know Minister Dan knows in Denmark you've embraced that concept and you have a clear vision on that policy and what that has enabled as that whole life carbon concept in the built environment take hold and we demonstrate with over 170 companies decarbonizing other actions portfolios by 2030 so it's front-runner action demonstrating the vision of the possible now and making sure that the right signals are there to inspire policy makers that this can be done, that the business is confident, we just need more sync. That's where the crisis sets in because we had an amazing opportunity last year to see how we actually can step up and deliver changes much quickly than what we thought in the previous past and that's very inspiring and I think we have to keep that up to bring resiliency into the conversation because if we improve let's say the status of what we do in this space now, we will have resiliency, energy security energy savings clean energy but in particularly a built environment that can deliver that holistic mitigation potential through highest energy efficiency which can be done very quickly and easily. I think that's also the message, the technologies, the solutions are there and my call would be for the sync part of the policies is that we make an effort for minimum energy performance standards energy performance certificates harmonization and making sure national governments or the platforms where you have national collaborations have clarity in that building energy codes should be performance based and that they should be talking to city leaders to enabling when necessary city leadership because this year the IPCC report we said clearly we're exceeding our carbon budget we know the state of play and finally I just want to do reference point to global policy principles we did at world gbc this year all of our network of over 75 countries were behind it what does that mean we need to ensure that we have transformative action around those global policy principles that go again to those clarity and synchronization of business leadership that is ready to scale but needs that clarity of regulation to activate the ambition to make sure that we have more demand for those solutions and that the citizens make the best of this opportunity for just transition and moving away from risk disruption unrest that we know we want to phase out thank you thank you very much Christina getting the perspectives from that very important sector I have one question which I think you don't expect but I really want to hear your candid view because since this morning when I was preparing my notes I was really very impressed that in addition to so many ministers coming more than 30 ministers more than 90 countries hundreds of people what impressed me a lot is more than 50 CEOs because you know CEOs they are all most of them great people and but their main preoccupation is to make money why you build a company generally it is the main purpose is at least in my case so it means it means am I right or wrong just please help me to think so many CEOs and there are major companies when you look at the list there are major companies from Asia from Europe, North America, Africa they are coming to this meeting having a lot of bilateral meetings with the ministers with other stakeholders how do you interpret this that we were able to bring so many CEOs I think there is a good alignment of stars in that silver mountains and gold mountains there is some alignment behind business intention I think the net zero we already know 90% of the countries have announced a net zero target and that has brought to the business community clarity that the net zero transition is one of the biggest businesses opportunity and net zero breaking it down component is energy efficiency so if they are let's say in the business of having resiliency continuity of their business attracting sustainable finance into their companies that now is discriminating better through ESG reporting and many other trends who is worthy of being in business in the next few years and who is going to be ready for delivering continuity that makes business sense and that has been an evolution totally in the past possibly we would get let's say the sustainability officials or no interested in this but now sustainability carbon net zero efficiency is in the board room and that's why CEOs are very interested to having this policy dialogue in particular to be able to do more of good business which is using doing less with more the title of the previous presentation too but also designing in efficiency into the future because it's not only that vision of using less at all thank you very much so it means we think along the same lines and the business the CEOs are here they see that it's a business case here rather than they want to see Versailles or anything like that so we are very happy to be in Versailles of course but maybe next time where we go maybe even more impressive than Versailles we don't know we may see in a few minutes or hours where we are going to meet but thank you very much for your great contribution Christina now dear colleagues we go to another continent Africa we look at Africa there are lots of challenges access to energy both electrification and clean cooking as I discussed with you Mr. Minister a few days ago but many African countries are pushing the clean energy transition strongly and Kenya is definitely a leader in Africa in terms of clean energy transition so Mr. Minister we are honored to have you and hear from you your perspective in terms of clean energy transition Kenya and Africa over to you Mr. Minister Excellency Fatih Birol Executive Director my colleagues on the panel ministers in the house industry captains ladies and gentlemen good is it afternoon morning good morning good morning we are pleased to be here to participate and glad to have been selected to talk about Kenya but more importantly talk about what you are doing in Africa on this very important subject that until this morning I never seriously thought about efficiency as a way of addressing and complimenting the adaptation that most of the people in this room are going to be crumbling about to basically come to net zero given the fact that a lot of power generation today is still not very environmental friendly and we have to migrate because of the climate change issue and then certainly until I saw the figures that 30% could be addressed through energy efficiency and one which I will talk to very quickly on what we are doing in our country it's very key that really Fatih you've brought some 30 ministers and very many serious congratulations to basically exchange our views on how all of us who have continuously or mostly impacted on the environment and climate change come together to address the challenges that we need to address very shortly so that we can secure our planet so thank you and congratulations for bringing us together let me say in recent times Kenya like the rest of the world experienced challenges on energy provisions brought about by effects of COVID-19 and the challenging global situations that we see today in Europe because of the challenges of Russia, Ukraine and the strain that has brought to most of our economies we witness a marked decline in power demand of about 14% due to COVID in our country which coupled with the orderability of most customers to meet the electricity bills on time caused a strain on the energy sector and especially the financial sustainability of the distribution utilities who basically are the off-takers they buy power and pay to the generators who have secured their generation on an IPP framework and on that debt equity of 70-30 they have to pay their bills their loans to the banks and on the other side the customers of the off-taker companies not able to collect all the revenues because of the COVID challenge that hit all of us and in order to enhance resilient and sustainability of the energy sector Kenya put in place as put in place necessary policies and other administrative interventions we have reinforced our results to develop renewable energy going forward and we have a goal to reach 100% clean energy in our generation by generation mix by the year 2030 which is just some seven years to go to achieve this we have undertaken a robust review of our power planning focusing additional generation to be to come from geothermal strong in geothermal our grid is 45% geothermal today coming from wind we are one of the biggest wind farms in Africa generating from one location 310 megawatts solar and hydro which is our mainstay as a country that do not develop our energy mix on the fundamentals of fossil fuels we will seek to transition our method of procurement from feeding tariff which is currently obtaining and like you say there are many CEOs here looking for business so we will be looking more to go to energy auctions which is a better platform because currently we have a long waiting list because of the least cost part development plan because of the supply and demand issues and the need to ensure that the off-taker can buy and sell all the power that we generate and therefore be able to support us to to basically ensure that we are able to pay our loans Kenya on the other side or the other hand has a balance of renewable energy with potentials of geothermal of up to 110,000 megawatts and a huge potential of wind and solar resources which helps that we are enhancing our connectivity rates aiming to reach universal access by 2030 both greed and off-grid and further the government has a focus in growing manufacturing as well as value addition in agriculture which will really address the need for access to power by our citizenry in remote areas where they do not have power today with respect to issues of food security that needs power for preservation and things like that. The health sector is also being revamped in order to offer universal health coverage and there is a big program on the build environment to construct 250,000 houses every year for low income earners this heightens social and economic activities with an objective of achieving economic transformation in the shortest possible time calls upon us in the energy sector to prepare for increased demand and more importantly work on net zero compliant buildings that we've talked about this morning Christina you already have an office in Nairobi there's a lot of work for us as we set the foundation and roll out this 250,000 houses every year we need to ensure that the fundamentals that you have talked about this morning are laid out so that as we do this massive build environment we ensure that we are compliant and we are able to address buildings that really support energy efficiency and are able to address the issues of climate change to that extent in terms of mitigation but more importantly adaptation that I talked about. In tandem we seek to enhance our energy efficiency measures and this will increase the ability of energy as we increase its sustainability utilization. Over the years the government through my ministry of energy has partnered with the manufacturing to implement energy efficiency initiatives and projects targeting the industry. In addition we have done several regulatory interventions aimed at promoting and enhancing the culture of energy efficiency which I have also learned this morning that we really need to work more on culture change but I want to confirm that we've really for now put in our regulations to an extent that there's an energy management regulation within our act that has come out to the regulation that targets that any commercial institution or facilities that consume more than 180 kilowatts of power per annum do subscribe to, conduct, audit every three years and file the results with the energy regulatory body. Implement energy mechanisms to achieve at least 50% of the recommended energy savings. One other initiative that has been built into the legislative framework through regulation is appliances, energy performance and labeling regulations which provide for testing of appliances for energy performance registering them with the regulator and affixing appliances with appropriate energy labels to confirm the audit and the energy act 2019 which has recently been brought into force has mandated for promotion of energy efficiency including promotional activities and regulatory measures. In 2020 the Ministry of Energy spearheaded the formulation of the strategy through a strategy of national energy efficiency and conservation strategy through a technical committee with technical assistance from Copenhagen Center for Energy Efficiency relaunched as UNEP Copenhagen Climate Center in April 2022. National and country county governments private sector together with public who are engaging in various forums countrywide and the strategy provides a government road maps towards achieving energy efficiency calls that will have a positive impact on the economy. The objectives of the strategy or executive director are to reduce the national energy intensity by 2.8% per year enable the country achieve 30% emission reduction by 2030 relative to what we are addressing under the SDG 7 for the year target 2030. The strategy identified five sectors and provides action and targets to be achieved. These sectors include household buildings, industry, agriculture, transport and power utilities. We have also formulated the implementation plan which articulates the methods responsible parties, tools, financial requirements, timelines that will be useful for implementation of the strategy and the continuous monitoring control evaluation and reporting of its output outcomes and impacts and in conclusion executive director given the above enabling environment Kenya will place to achieve energy efficiency. We have already reached 92% energy mix, hydro, wind and solar today on our energy mix. In fact when I checked my numbers for the last three days we were at 95%. The challenge of course of sometimes poor hydrology but certainly with the power trade that we have with Ethiopia we are finishing with Uganda and Tanzania with today picking out of hydro from Ethiopia we are where we have just 92% renewable on the supply side and having started working on energy efficiency since 2006 energy efficiency has become an integral part of our country integrated national energy plan and furthermore the Kenya national energy efficiency strategy is highly comprehensive and has established Kenya as a regional leader in energy efficiency policy we will continue to seek partnership in announcing energy efficiency in Kenya and it's a great pleasure to participate in this conference when we come together to really talk to energy efficiency which for me today address more of the mitigation which is a big challenge and as we talk about adaptation rather and we talk about mitigation of how to address climate change for us in Africa the least contributors really will be looking more into the climate financing but because today we talk about efficiency I think it really beholds upon us that we work on this finally and in recognition of the strides Kenya has made in the deployment of renewable energy and energy efficiency and on account of our support of my support and partnership created we offer to host the next global energy efficiency forum in Nairobi thank you so much so this is the best news of today so this is wonderful from Versailles to Nairobi what could be better for a global energy agency thank you very much Mr. Minister so since you gave such a good news I think I would not ask you a question so this is but still may I ask you one thing it is not in the papers and in the preparation notes when we organize this major event in Nairobi next year I am sure we will see many governments many CEOs many NGOs coming there do you also feel as I feel that it will give a boost to make energy efficiency a key topic in the heads of the decision makers in Africa this is the this is what I would like to ask you what is your gut feeling can we make this happen like Kenya you are a leader but there are many more than 50 other governments we have the Africa Union Commissioner here with us today so can we you think this event in addition to other goals can help to reach the goal of making energy efficiency a key issue in the minds of the governments in Africa thank you thank you again I think like I just mentioned that adaptation will be a big challenge in terms of when we listen to China working on clean call to adapt to the challenges of climate change and make clean call renewable when we hear about the mitigations and the challenges that we are impacted on particularly in Africa because of climate change issues and when we contextualize the question which executive directors just asked on getting the leaders to appreciate and to own the energy efficiency policy frameworks to reduce the requirements of energy which goes into reducing cost of energy because of our per capita efforts in Africa I want to confirm that when we host in Nairobi the Africa energy forum which will bring some over 22 ministers of energy who have confirmed participation in the next two weeks and where I am aware most of us in the house will be participating in I will make the energy efficiency an agenda thank you thank you very much Mr. President I will give the news after covering China followed by Africa Kenya Madame Commissioner Simpson already gave an overview of Europe but now I would like to go to a country in Europe a country if I may a small clean energy climate change punching well above its weight and one of the leaders of this achievement is with us here Mr. Dan Jorgensen to hear his views about energy efficiency and what kind of role energy efficiency can play in the international development and also fighting against climate change then once again thank you very much for all the support you give to IEA and also advancing clean energy thank you so much Fatsi and let me start by echoing something you said in your introductory remarks because it really is quite extraordinary and fantastic that it seems like finally energy is getting the attention that it deserves as one of the most important solutions to many of the challenges we face now this happens for many reasons of course and probably the major ones are big structural political reasons certainly the one Ukraine plays a part here but it also happens because of Ford leaders and it happens because some actors that being institutions or politicians or others showed away provide the data create the narratives so it's also about agency agency in general but also one agency specific and this is you Fatsi the IEA really plays a key role here so thank you again and Brian also you called Brian a guru I think you're both gurus so should we give a hand for the IEA now I think it's fantastic news that we are going to Nairobi next year no doubt that for me two of the primary reasons or the two primary reasons for focusing on energy efficiency is one fighting climate change and two this is also a question about economic growth and development I've gotten a new portfolio some of you know me from my previous job when I was Minister for Climate Energy and Public Utilities in Denmark but since the last election the Prime Minister decided that really we need to have a more holistic approach to development cooperation and global climate policy because climate change is not something that might happen in the future climate change is here now I'm sure many of you can recognize that from your own countries certainly African countries are here already now quite seriously by climate change this means that not only do we have to obviously fight climate change and stay below 1.5 degrees because if we don't then the problems will become much bigger and this goes without saying almost but it also means that we need to think about our energy policy as being a part of climate adaptation already now now the good news is that actually compared to renewable energy and don't get me wrong we need a lot of renewable energy goes without saying that that is also a major part of the solution but contrary to deployment of renewable renewable energy most energy efficiency measures can be done fast can be financed more easy easily that's not to say that it's easy but it's easier because the investment pays itself back very fast so really when we think about the green transformation especially in developing economies emerging economies even if we did not have climate change to worry about energy efficiency would still be a pragmatic rational approach because not only is the energy we don't use the cleanest energy I totally agree with that it's also the cheapest energy now I would be remiss if I did not also mention the war on Ukraine it really is a terrible situation for a country very close to us the aggression of Russia is of course unacceptable I'm sure we all agree on that but if we look at then the concrete challenge that we who wants to help Ukraine are looking at definitely also here energy efficiency needs to be part of the solution of rebuilding the country if we look at the effects of the war and increases in prices on energy that's led to the challenges for Europe well it's actually a paradox that even though we would have obviously liked to not be in this situation with a terrible war it has actually led to some positive developments Commissioner Simson spoke to this earlier what we've done in Europe the last year is actually quite extraordinary we've managed to reduce our emissions significantly and this is then also a lesson for the future that not only is this something we need to do to fight climate change to make sure that we can have economic sustainable growth and development it's also about security for individual countries but also in a more broader geopolitical sense thank you thank you very much Dan very quick question because you work with your new assignment additional assignment working on the international cooperation development do you see that the advanced economies Europeans, North Americans and the countries in Asia the advanced economies understand the importance of efficiency improvement in emerging countries for the world and for themselves we see that it clicks in the advanced economies that the advancing clean energy transition in the emerging countries including energy efficiency will be good for everybody do you see this coming through or not yet? well the class in front of you there is that half empty or half full one third full if we look at this as being half full let's say yes the analysis is there I went to the spring meetings of the World Bank earlier this year and it was actually quite extraordinary how all meetings more or less focused on the need for a green transformation of our societies but of our energy sectors in specific so if we look at the glasses being half empty then why doesn't it happen why don't we allocate more resources why don't we make it possible to also mobilize more private financing why don't more countries also in their development they allocate more to climate related projects including by the way more than 50% in Denmark we've chosen 60% to go to adaptation but I really do think that the possibility next year in Nairobi by the way I don't expect to get much sleep from now till then because it's a big task that you've taken upon you but I do really think that that will be a good opportunity for us to take these discussions and make them very concrete and hopefully also get institutions, companies countries to pledge real action thank you very much and I think your leadership here as Denmark and as Daniel will be very important thank you very much for also helping us for advancing the clean energy transition in the emerging countries so dear colleagues this is an amazing discussion we started with Europe a continent that had a very important experience last year after the war and with very good results went to China a real winner when it comes to several clean energy technologies but still challenges such as coal and then we also see that the China's plans for peak emissions and carbon neutrality soon then we talk about the buildings which is a very important area of energy consumption and emissions as well but huge potential there and we heard from Dan Jorgensen his perspective how the advanced economies should help the emerging countries to finance the clean energy transition and the we heard from Kenya minister chair not only Kenya's very impressive achievements in terms of clean energy and leadership both in the real life but also leadership of Kenya in Africa and also as we say the news of next year in Nairobi was the Kremdole Krem so thank you very much Mr. Minister for hosting us next year in Nairobi we will make sure that we support you your colleagues tremendously and hopefully we got from Versailles from Napoleon to Nairobi in the right way and I am sure we will have more and more people there and especially with under the key topic of how we can finance clean energy transition especially energy efficiency in Africa and beyond dear colleagues with this I am finishing this session with our motto of doubling the energy efficiency improvement globally through 2030 and we are going to finish in fact with Mr. Minister's final remarks Mr. Minister thank you very much Versailles for accepting my request to for Kenya to host next year the energy efficiency conference in Nairobi and I want to take this opportunity to invite all of us to Nairobi I hope I will see all the faces I see here come to our conference come let's talk about climate change let's talk about energy efficiency as an adaptation mechanism towards achieving the energy requirements for this planet thank you Mr. Minister thank you very much thank you all we are going to take a coffee break now the main session will resume here at 10 past 11 some of you are invited for the Schneider Electric public private roundtables they will be in the