9th Annual Global Conference on Energy Efficiency

Outcomes from the 8th Annual Global Conference on Energy Efficiency

A moment of action

32

Ministers

50+

CEOs

600+

Patricipants

90

Countries

30

Events

Key links

Versailles Statement: The crucial decade for energy efficiency

Ministerial communique from the IEA's 8th Annual Global Conference on Energy Efficiency in Versailles, France
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Conference Press Release

Forty-five governments from around the world have endorsed the goal of doubling the average global rate of energy efficiency improvements by the end of the decade to foster sustainable economic growth and help put the world on a secure and affordable path towards net zero emissions.
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Energy Efficiency: The Decade for Action

In support of the meeting, the IEA produced Energy Efficiency – The Decade for Action, a report highlighting the importance of energy efficiency actions in the coming years. The analysis examines recent trends relating to demand and policies and the next steps for the improvement, implementation and investment required for an energy efficient future.
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The Versailles 10X10 Actions

At the IEA’s 8th Annual Global Conference on Energy Efficiency, a series of public-private roundtables took place to define concrete strategies to generate greater energy efficiency, culminating in the Versailles 10X10 Actions (see below). The discussions reaffirmed the critical roles that energy efficiency and digitalisation play in tackling the ongoing global energy crisis. The roundtables covered energy efficiency in the areas of industry and infrastructure, buildings and homes, and solutions and commitments – addressing key elements such as financing, technology, workforces and consumer motivations.

  1. Measure & Diagnose: Digitize consumption, connect and report in app for outcome-based performance
  2. Awareness & Knowledge: Share practical applications, one-stop-shop advisories, and light house examples
  3. Skills: Upskill, reskill and increase resources to enable the transition, support Energy Service Company creation     
  4. Design & Decide on Total Cost of Ownership: Total cost of ownership (TCO) for designers / architects and decision making on projects
  5. Financing Gap: Bridge the gap between green capital expenditures (CAPEX) to save brown operating expenditures (OPEX)
  6. Government as role model: Many government buildings and infrastructure to lead by example
  7. Regulation: Privilege incentive to stick, outcome-based incentives and, if leveraging coercive technique, then allow a predictable and long enough horizon
  8. Reinforce the Grid: Need transmission lines faster to access renewables, especially in industrial application
  9. Big stake items with existing tech: Start with the biggest stake items, deploying what we have and starting with the cheapest solutions
  10. Build the new net zero: Leverage existing, available technology for net-zero new builds   

Watch back

6 June 2023

Powering the Future: Leveraging digitalisation for efficiency, resilience and decarbonisation

The mounting pressures to decarbonise and electrify, in conjunction with the climate and energy crises, are creating a new imperative for efficiency. How can digitalisation support greater efficiency and fast-track implementation across sectors and systems? This event explores the role of smart grids for supporting reliable and efficient power systems in emerging and developing countries.

7 June 2023

Opening remarks and learning from the crisis

Over the past 12 months we have witnessed the first truly global energy crisis, causing disruption in markets and economic pain for consumers and industries worldwide. In this event the panel take a look back at the global policy and market response to the crisis, to consider how we can boost resilience to future shocks.

7 June 2023

Hot summers, cold winters: Keeping people comfortable 

Heating and cooling are key sectors for energy transitions, and are central to people’s well-being and comfort. What have we learned about the best policies and actions to drive faster deployment of highly efficient buildings and equipment?

7 June 2023

Getting finance moving

Investment in energy efficiency can, and must, increase dramatically to deliver its potential and get on track for net zero goals. How can governments, investors and other institutions work together to increase the flow of finance to all types of efficiency opportunity?

7 June 2023

Modernising efficiency: Smart systems and consumers

Digital innovation has the potential to revolutionise energy efficiency, unlocking new opportunities to bring together better control, demand flexibility, systems cost-reduction and to empower consumers. What are the implications of this and what actions are required?

8 June 2023

Opening remarks and Sustainability & Energy: The essential partnership for net zero 

A fair energy transition, underpinned by energy efficiency, and enabled by digitalization and electrification, can drive decarbonization while also addressing the energy crisis, reducing costs and increasing security of supply. Governments and companies have had to re-examine their approaches to ensuring future resilience – how can they ensure that efficiency and sustainability are their passport to thriving and making an impact, today and tomorrow?

The conference in images