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Scaling Up Energy Efficiency Investment in Emerging Markets - Private Sector Perspectives

Sector Context Since 2000, electricity demand has flattened and decoupled from gross domestic product (GDP) growth in Organization for Economic Cooperation and Development (OECD) countries.1 This trend is anticipated to continue for the next several decades and is largely attributed to the implementation of energy efficiency measures; however, non-OECD countries (emerging markets) have experienced, and are projected to continue experiencing, increasing electricity demands. The demand is driven by faster economic and population growth than in OECD countries, shifts from rural to urban living, as well as rising standards for living. Energy consumption in nonOECD countries is expected to increase by nearly 70% between 2018 and 2050. In comparison, OECD energy consumption is expected to increase by just 15% during that same time period (U.S. Energy Information Administration, 2019).