Energy Efficiency Investment
U.S. Places 13th Out of 16, Behind Australia, India, and South Korea; Germany Wins “World Cup” of Energy Efficiency: 2nd International Scorecard Evaluates 16 Leading World Economies on 31 Categories.
As the World Cup comes to a close, fans are wondering which country will claim the championship. But the World Cup is not the only international competition coming to an exciting end next week. On July 17, ACEEE will release its 2014 International Energy Efficiency Scorecard, which will showcase winning energy efficiency policies and programs from around the globe.
Washington, D.C.—In response to the Environmental Protection Agency’s new proposal to reduce carbon pollution from existing power plants, Steven Nadel, executive director of the American Council for an Energy-Efficient Economy (ACEEE), made the following statement:
After a long warm-up, energy efficiency is taking its rightful place as a starting player in the clean energy game. This spring, we’ve seen both the public and the private sector put serious resources into helping build financing solutions to help efficiency reach the scale it needs.
The moment we have been waiting for has arrived! The Warehouse for Energy Efficiency Loans (WHEEL), a financing platform that will open the market for energy efficiency investment to institutional investors, is open for business. WHEEL acts as a virtual financial warehouse for relatively small individual loans, holding them until there are enough loans to attract attention from large investment houses.
Recent months have seen some exciting developments in energy efficiency finance. Investment funds, capitalized at about $200 million, are set to break into the potentially extensive market for energy efficiency projects in the buildings sector.
Proponents of energy efficiency believe that it not only saves energy and money, it creates jobs. The stronger the evidence that energy efficiency programs and polices create economic opportunity and jobs, the greater the likelihood that federal, state, and local governments will support them. Managers of existing programs use a variety of methods to monitor and evaluate their job creation impacts in order to justify and extend the investment.
Intelligent efficiency refers to a systematic approach to saving energy that marries traditional energy efficiency with wireless and cloud-based computer technologies. These technologies enhance our ability to gather, interpret, and act upon energy information in order to improve performance and achieve new levels of energy savings.
Over the past several years, the energy efficiency community has worked hard to engage lenders in what is estimated to be a $279 billion market. At ACEEE’s annual Finance Forums, we have witnessed tremendous progress.
One of the most overused misnomers in the energy efficiency field is the term “hard to reach” for customer segments that aren’t easily served through existing utility customer-funded programs and marketing channels. The reality is that the segments covered by this term shift constantly as new programs or business models are developed that allow segments to be served cost-effectively, at scale.