For Rasmus Kristensen, vice-president for group public affairs at Danfoss, the Danish supplier of energy efficiency and electrification solutions, COP27 is “by far the biggest COP in terms of private sector participation”. Danfoss is attending to make some noise around energy efficiency.
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“We are here to draw attention to what we feel is neglected in the green transition: the demand side,” Kristensen says. “The International Energy Agency has shown that energy efficiency can actually take us one-third of the way to net zero. Energy efficiency should not be neglected, because the solutions are readily available, they are often very cheap with short payback times, and it is something we can do right now.”
Kristensen lays out Danfoss’ own decarbonisation plans and its work with others to do the same, notably also in less-developed countries. This includes unlocking finance for energy efficiency in south-east Asia and building efficient cold chains to reduce food loss and waste in Africa.
“We are working in Africa with partners to try to help them implement the cold-chain solutions, so, basically, make sure we don’t have so much food loss and waste lost on the way from the farm to the processing plants and on the way to consumers,” he said. “We should have efficient cooling because otherwise we will just end up consuming more energy while trying to solve another problem.”
Beyond energy efficiency at COP27:
Energy Monitor’s Nour Ghantous (week one) and Dave Keating (week two) are reporting from COP27 in Sharm El Sheikh, Egypt. They are providing the data-led analysis you have come to expect from Energy Monitor but also something new: video interviews with business leaders, policymakers and campaigners. We encourage you to return often to our Energy Monitor home page for updates from the conference. You can also sign up for our free biweekly newsletter here.
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By GlobalDataOther recent COP27 coverage includes:
Opinion: Why climate action will fail without more women at the table, by Philippa Nuttall (14 November)
COP27: “Green hydrogen is one of the bright spots of this COP” – Jonas Moberg, CEO of GH2, by Nour Ghantous (14 November)
Opinion: COP27 comes after a year of unfulfilled COP26 promises, by Nick Ferris (11 November)
COP27: Data science can strengthen climate action, by Nour Ghantous (11 November)
Why the financial odds are stacked against developing countries, by Isabeau van Halm and Polly Bindman (9 November)
COP27: International Labour Organization wants to see a just transition “actually implemented”, by Nour Ghantous (9 November)
COP27 take note: Climate tech funding has soared in 2022, by Eric Johansson (9 November)
COP27: How countries compare on carbon emissions and pledges, by Nick Ferris (7 November)
COP27: Mattie Yeta, CGI’s chief sustainability officer, on the first-ever ‘metaverse COP’, by Nour Ghantous (7 November)
Which countries are already at net zero?, by Nick Ferris (25 October)
