Energy efficiency is the lynchpin that can keep the door to 2°C open and save trillions of dollars across the global economy. To unlock it demands a large increase in finance and a re-orientation of investment.
Publication date: November 2016
There has been a common struggle across many programmes worldwide to create sustainable private sector markets that are effective in reducing energy demand. Energy efficiency markets continue to face challenges across the supply chain. Smart public programmes are essential to overcome them and to leverage the private finance needed for deployment at scale.
This report outlines best practice for achieving that. It is based on an assessment of 10 case studies, interviews with leading practitioners, evaluations of past programmes, and the Carbon Trust’s own 15 years of experience delivering large-scale energy efficiency programmes.
• Six questions should be asked when designing any energy efficiency finance programme:
• For any programme to be effective, it is critical that:
• Too often, programmes have been designed which address only some of the challenges, or on a short term basis only, leaving important barriers deeply entrenched. A narrow focus on finance needs to be replaced with a more holistic approach to ensure a sustainable legacy.
With the key findings in mind, the report makes three core recommendations:
View our infographic on how to accelerate energy efficiency by getting the financing for it right