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PERU'S COMMITMENT
To The Paris Agreement And Net Zero 2050
Peru has committed to reducing its GHG emissions by 30% by 2030 compared to business-as-usual levels, with the potential to increase this reduction to 40% with international support, in alignment with the Paris Agreement. A significant part of Peru’s climate strategy involves improving energy efficiency across its government and commercial buildings, which are major contributors to the nation’s energy consumption and carbon emissions.
However, Peru faces challenges such as outdated infrastructure and financial constraints that limit the adoption of energy-efficient technologies. ESCO Financial helps Peru overcome these challenges through its Energy Efficiency-as-a-Service (EEaaS) model, which provides the capital necessary to upgrade critical energy systems. This includes modernizing HVAC units, boilers, chillers, smart controls, motors, compressors, air handling units, and lighting systems, leading to substantial reductions in energy consumption and GHG emissions.
The International Performance Measurement and Verification Protocol (IPMVP) is essential in ensuring that Peru’s energy efficiency measures result in measurable carbon reductions. By applying IPMVP, Peru can demonstrate the effectiveness of its initiatives, supporting its Paris Agreement commitments and attracting further international investment.
Peru also faces challenges in managing waste, particularly in reducing methane emissions from landfills. ESCO Financial’s Waste-to-Energy-as-a-Service (WtEaaS) model provides a sustainable solution by converting waste into energy, reducing landfill reliance, and aligning with Peru’s Paris Agreement goals. This approach accelerates Peru’s progress toward achieving Net Zero by 2050, contributing to both environmental sustainability and energy generation.
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