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Considerations for emerging markets for energy savings certificates

Author: Barry Friedman; Lori Bird; Galen Barbose; National Renewable Energy Laboratory (U.S.); Lawrence Berkeley National Laboratory.
Publisher: Golden, Colo. : National Renewable Energy Laboratory, [2008]
Series: NREL/TP, 670-44072.
Edition/Format:   eBook : Document : National government publication : English
Database:WorldCat
Summary:
Early experiences with energy savings certificates (ESCs) have revealed both their merit and the challenges associated with them. In the United States, there has been little activity to date, so any lessons must be drawn from experiences in Italy, the United Kingdom (UK), France, and elsewhere. The staying power of European examples, particularly in Italy, demonstrates that ESCs can help initiate more efficiency  Read more...
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Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Barry Friedman; Lori Bird; Galen Barbose; National Renewable Energy Laboratory (U.S.); Lawrence Berkeley National Laboratory.
OCLC Number: 264735254
Notes: Title from title screen (viewed October 29, 2008).
"October 2008."
Description: iv, 53 p. : digital, PDF file
Details: Mode of access: Internet from the NREL web site. Address as of 1/30/09: http://www.nrel.gov/docs/fy09osti/44072.pdf; current access available via PURL.
Series Title: NREL/TP, 670-44072.
Responsibility: Barry Friedman and Lori Bird, Galen Barbose.

Abstract:

Early experiences with energy savings certificates (ESCs) have revealed both their merit and the challenges associated with them. In the United States, there has been little activity to date, so any lessons must be drawn from experiences in Italy, the United Kingdom (UK), France, and elsewhere. The staying power of European examples, particularly in Italy, demonstrates that ESCs can help initiate more efficiency projects. Although a robust market for renewable energy certificates (RECs) has emerged in both the voluntary and policy compliance contexts in the United States, ESCs have yet to gain significant traction. This report looks at the opportunity presented by ESCs, the unique challenges they bring, a comparison with RECs that can inform expectations about ESC market development, and the solutions and best practices early ESC market experience have demonstrated. It also examines whether there are real market barriers that have kept ESCs from being adopted and what structural features are necessary to develop effective trading programs.

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