Energy efficiency is high on the policy agenda in East Asia. How can we promote it most effectively? To answer this, Cooperative Climate reviews existing energy efficiency policy and international cooperation in East Asia. Drawing upon the rich lessons, an environmentally-effective, politically-feasible and cost-effective solution is proposed: an independent and dedicated Policy Development Fund for energy efficiency.
Design issues and a wide range of concrete projects under the Fund are discussed and future scenarios are considered. The authors conclude that fostering effective regional cooperation on energy efficiency is an important and practical way for East Asia to fight climate change.
