Showing 2673 - 2680 of 3625 results
- Publication 18 June 2021 GROWING THE ENERGY EFFICIENCY MARKET THROUGH THIRD-PARTY FINANCING This article explores mechanisms for growing the energy efficiency market through third-party financing. First, to evaluate the opportunity for third-party investors, the article outlines the size of the energy efficiency market and highlights certain relevant sectors. The energy efficiency implications of recent and pending legislative stimuli to energy efficiency investing, such as the American Recovery and Reinvestment Act of 2009 are discussed, as well as the hazards of over-reliance on…
- Publication 18 June 2021 Lessons from Europe, North America, and Asia: Financing Models that are Facilitating Building Energy Efficiency at Scale A critical component of achieving energy and carbon dioxide reduction goals set forth in The Paris Agreement is reduction of energy usage in buildings, which account for over one-third of all global energy consumption. While it is widely understood that curbing energy usage in buildings at the scale necessary to limit climate change requires involvement from capital markets, few structures exist in the market today for institutional investors to deploy capital, resulting in the absence of…
- Publication 18 June 2021 eProject Builder: Promoting Wider Adoption of Energy Savings Performance Contracts through Standardization and Transparency Energy savings performance contracting (ESPC) enables building owners to implement facility upgrades and reduce energy and water consumption (often with operations and maintenance expenses) using the resulting annual stream of cost savings to cover project installation and financing costs. The size of the international ESPC market is ~$30 billion per year and growing. However, ESPCs still face myriad barriers to achieving their market potential. Barriers include lack of data standardization and…
- Publication 18 June 2021 Promoting Energy efficiency in buildings: Lessons Learned from International Experience The International Energy Agency (IEA) estimates that residential, commercial, and public buildings account for 30 to 40 percent of the world’s energy consumption. The sector’s contribution to current world CO2 emissions is estimated by various sources at 25 to 35 percent. Rapidly growing, especially in developing countries, the building sector offers the largest, most cost-effective opportunities for energy efficiency, with considerable co-benefits. However, to turn these opportunities into…
- Publication 18 June 2021 SUPER ESCO An Innovative Approach to Unlock Energy Efficiency Potential The Super ESCO concept was developed in the 1990s as a potential solution to address not only the energy performance contracting (EPC) scheme’s limitations but also the ESCO community’s lack of capacity, willingness or interest to get involved in project financing. In other words, the Super ESCO concept was proposed to enable the EPC scheme to develop to its full potential. Although this concept was put forward in the 1990s, no action was taken to create and operate any Super ESCO until the mid…
- Publication 18 June 2021 Energy Efficiency in Europe The levers to deliver the potential. The COP21 meeting and the Paris Agreement, agreed upon in December 2015, highlighted more than ever how crucial it is for the future of mankind to hold the increase in the global average temperature to well below 2°C above pre industrial levels (and even to pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels). According to the International Energy Agency (IEA), energy efficiency is central to any energy scenario that matches this two degree limit. In fact, by…
- Publication 18 June 2021 Development of Energy Service Companies Market and Policies South-Eastern European, Eastern European and Central Asian countries are confronted with a wide range of economic and environmental problems caused by their inefficient and polluting energy systems. At the same time, their energy economies provide some of the most promising opportunities for reducing global greenhouse gas emissions. Achieving the potential will require cost effective energy efficiency (EE) improvements and deployment of renewable energy (RE) technologies. The investment…
- Publication 18 June 2021 Developing an ESCO Industry in the European Union Although the European Commission and the Member States of the European Union (EU)1 have promoted a number of policy initiatives, including legislation, to foster the Energy Services Company (ESCO) industry, a recent survey of ESCO businesses in the EU has indicated that major differences exist in the development of the ESCO business among the various countries. In some countries more than 500 ESCOs have been successfully operating for a number of years, while in other countries only a few ESCOs…