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Kes McCormick .jpeg

Kes McCormick

Senior lecturer

Kes McCormick .jpeg

"White and Green": Comparison of market-based instruments to promote energy efficiency

Author

  • Ugo Farinelli
  • Thomas B Johansson
  • Kes McCormick
  • Luis Mundaca
  • V. Oikonomou
  • M. Ortenvik
  • M. Patel
  • F. Santi

Summary, in English

The "White and Green'' project completed under the EU SAVE Programme reviewed policies and measures to promote energy efficiency, which involved analysing the experience with instruments that are already implemented, and assessing innovative instruments that are proposed. In particular, the practicability of using ''White Certificates" energy efficiency) along the same lines as "Green Certificates" (renewable energy) was explored. Several of the policies. and measures, were simulated using technical-economic model of the MARKAL family. The results show that by 2020 it is possible to increase energy effiency by 15% at no cost without taking externalities into account. If externalities are considered, an increase of 30-35% with respect to the business-as-usual scenario is justified. The wealth of information obtained through the models and analysis provides a set of recommendations for policy-makers including: (1) the need for closer co-ordination between energy policies and environmental and climate policies; (2) the opportunity to establish more ambitious targets for energy efficiency; (3) the scope for increased EU co-ordination; (4) the extension of White Certificates to the medium and low energy-intensive industries; (5) the need to support White Certificates with accompanying actions, such as running information campaigns, promoting energy service companies, and, providing dedicated credit lines; (6) the need to develop similar instruments for transport and(7) the continuing need for energy research and development. (c) 2005 Published by Elsevier Ltd.

Department/s

  • The International Institute for Industrial Environmental Economics

Publishing year

2005

Language

English

Pages

1015-1026

Publication/Series

Journal of Cleaner Production

Volume

13

Issue

10-11

Document type

Journal article

Publisher

Elsevier

Topic

  • Social Sciences Interdisciplinary

Keywords

  • white certificates
  • green certificates
  • renewable
  • energy policies
  • energy efficiency
  • energy

Status

Published

ISBN/ISSN/Other

  • ISSN: 0959-6526