Accelerating the adoption of energy efficiency is one of the most cost-effective ways to mitigate climate change. The International Energy Agency estimates that energy efficiency improvements could contribute half of the greenhouse gas reductions required to limit global temperature rise to 2°C above pre-industrial levels.
The Energy Efficiency Alliance for Industry (E² Alliance) plans to increase industrial energy efficiency in India through accelerated adoption of more efficient motors to power production operations in the steel, automotive, engineering, textile, chemical and food processing sectors. Led by the Institute for Sustainable Communities (ISC) and Energy Efficiency Services Limited (EESL), the E² Alliance addresses key barriers to energy efficiency solutions uptake by combining demand aggregation, manufacturer engagement, access to finance, and policy alignment.
With P4G’s support, the E² Alliance expects to catalyze the procurement of 50,000 energy efficient motors (IE3 motors) and mobilize an estimated USD 35 million in private sector investment over two years Over the longer term, this will unlock the market for an estimated 15 million motors in India, saving 65 billion kWh of electricity annually, reducing annual greenhouse gas emissions by 57 million metric tons—the equivalent of taking 12 million cars off the road annually—in addition to reducing air pollution. The partnership plans to disseminate its model in Bangladesh, Indonesia, the Philippines and Vietnam.
Energy Efficiency Services Limited (EESL), Institute for Sustainable Communities (ISC)