Financial and market-based mechanisms offer a route to increase take-up of energy efficiency measures in buildings. While market based mechanisms, principally the Clean Development Mechanism, have acted as a trigger in the development of many large, industrial scale energy efficiency projects in China, there has not been, as yet, a similar uptake of projects involving energy efficiency improvements to buildings.
There is however significant potential to improve building energy efficiency and this project will
- Consider the appropriate financial and, in particular, market-based mechanisms to trigger action in this area and develop a road-map to suggest a suitable route forward.
- Increase stakeholder awareness on the potential to improve building energy efficiency though financial and market based mechanisms.
This project will build on work carried out by the ERI in 2005, which involved a high-level review of incentive policies used internationally for building energy efficiency, by focussing specifically on financial and market-based mechanisms and the role that they can play.