Energy efficiency markets are driven by legislation. This is why a strong energy efficiency directive supported by a robust governance mechanism are key to delivering the multiple benefits of energy efficiency, argue Monica Frassoni and Harry Verhaar.
Monica Frassoni is president of the European Alliance to Save Energy (EU-ASE) and Harry Verhaar is head of global public and government affairs at Philips Lighting.
The Paris Agreement, championed by the European Union, sets the long-term direction we have to take: keeping global warming well below two degrees or in other words moving towards a carbon-neutral society in the early to mid-21st century. This will require the transformation of our economy thanks to low-carbon technologies. In this transition, business will be key. We are committed to a low-carbon economy. It makes economic sense and we deeply believe businesses should play a positive role in shaping a better world for future generations.