Systemic Efficiency is the optimization of energy to create a net-zero carbon future.
Among all the primary energy used (~13,000 Mtoe), only 33% is converted into useful energy. The remaining 67% is lost due to the inefficiencies in electricity generation, transport, heavy industry and buildings.
These inefficiencies can be addressed through sector optimization (e.g. electrification, grid efficiency, building and industry energy efficiency), as well as cross-sector optimization (e.g. optimized usage of energy mix through better design at the intersection of sectors).
The World Economic Forum and stakeholders recently launched an initiative to focus on systemic change and transformation in the city eco-system. This will include reducing carbon emissions by maximizing effectiveness and efficiencies among energy, buildings and transportation charging and to deliver sustainable buildings with the added co-benefits of wellness.
The newly launched initiative will aim to:
- Raise the ambitions of global policy-makers, financiers and the private sector to create both the vision and transformations needed to move away from one-off projects towards systemic change.
- Design and share policy, financing and other frameworks to support the deployment of the required business models.
A Call for Initiatives
The platform will begin with a cities/buildings focus, and develop additional focus areas in 2020, including industry. The Forum welcomes all stakeholders to submit new ideas and initiatives.
The World Economic Forum is a partner of the Zero Carbon Buildings for All Initiative, and will be working with this coalition to drive national and local leaders, to develop and implement policies to drive decarbonization of all new buildings by 2030 and all existing buildings by 2050.
For more information or to participate in upcoming workshops and activities, please contact Kristen Panerali, Energy and Materials Platform at Kristen.Panerali@weforum.org