eu.bac co-signs open letter to the COP31 Presidency: “An Energy Efficient World: We’re Ready”
On November 10 2026, eu.bac joined more than 300 businesses and organizations from 39 countries and territories calling on the COP 31 Presidency of Türkiye and Australia to put energy efficiency at the center of efforts to deliver on the conference’s Action Agenda.
In a joint letter released at COP 31, the global coalition outlines five strategic principles demonstrating how proven energy efficiency technologies, financing and demand-side solutions can strengthen energy security, improve affordability, reduce waste, support resilient infrastructure and create quality jobs.
The letter calls for energy efficiency to be integrated across COP 31 Action Agenda priorities, including waste reduction, electrification and building energy intensity, and underscores the private sector’s readiness to work with governments to accelerate investment and deployment.
“Every day, we pay for energy our buildings waste. We have the technology to change that, and we’re ready to put it to work. That’s why we signed this letter calling on COP31 to put energy efficiency at the heart of its Action Agenda.“, said Gusts Kossovics, Managing Director of eu.bac
The role of Building Automation and Control Systems
About 40% of the energy consumed in the European Union is used in buildings. Yet, 75% of the building stock in the EU is energy inefficient. Building Automation and Control Systems (BACS) are a key tool to reduce buildings’ energy demand while improving users’ comfort and health.
Technologies like BACS strenghten buildings’ – and communities’ – preparedness in the face of energy crises, and facilitate the uptake of renewables. They are essential to building a more resilient and sustainable future.
Five Principles for Accelerating Energy Efficiency
The letter outlines five strategic principles to guide public-private sector action:
- Energy security: Strengthening energy security, economic competitiveness and energy access through reduced energy needs and more efficient energy systems.
- Affordability and competitiveness: Deploying proven technologies, equipment and financing solutions to manage rising energy demand, lower costs and support economic growth.
- Reducing waste: Cutting energy, water and economic losses across local economies and global supply chains.
- Resilient infrastructure, buildings and cities: Investing in efficient infrastructure that improves reliability, reduces emissions and delivers health, safety and productivity benefits.
- Jobs and a just transition: Stimulating investment, creating quality local jobs and developing the skilled workforce needed to accelerate an inclusive energy transition.
Turning Global Commitments into Action
At COP 28, governments committed to doubling the global average annual rate of energy efficiency improvements by 2030. With progress still below the pace needed to achieve that goal, signatories are calling for accelerated investment, stronger public-private collaboration and the deployment of solutions already available in the market.
The international initiative was convened by the Alliance to Save Energy, Association of Energy Engineers, Business Council for Sustainable Energy, Efficiency Canada and European Alliance to Save Energy. Signatories span a diverse range of businesses, industry associations and supporting organizations across six continents.
Download the full Global Business Energy Efficiency Letter and view the complete list of signatories.