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Markets for Energy Efficiency - Exploring the new horizons of tradable certificate schemes

  • Luis Mundaca
Publishing year: 2008
Language: English
Publication/Series: IIIEE Dissertations 2008
Document type: Dissertation
Publisher: IIIEE, Lund University

Abstract english

This doctoral thesis explores the implications of establishing tradable certificate schemes for improving energy efficiency (so-called ‘Tradable White Certificate’ [TWC] schemes). Carrying out different case studies, a set of complementary evaluation methods is applied in conducting ex-ante and ex-post evaluation studies. To analyse the attributes and complexities of TWC schemes, the thesis focuses on several aspects, including (i) the modelling of potential impacts, (ii) the identification and analysis of transaction costs, (iii) the investigation of trading patterns and other flexibilities used to achieve cost-effective compliance, (iv) the level of energy-saving effectiveness under TWC schemes, (v) the use of cost-benefit analysis, and (vi) the application of multi-criteria evaluation. The findings help answer questions concerning the impacts and outcomes of TWC schemes and identify critical endogenous and exogenous conditions that affect their performance. Furthermore, the research assists in developing an understanding of what aspects of TWC schemes need to be evaluated and how.


Aula at IIIEE, Tegnérsplatsen 4, Lund University Faculty of Engineering
  • Kornelis Blok (Prof. Dr.)


  • Social Sciences Interdisciplinary
  • Energy Efficiency
  • Tradable Certificate Scheme
  • Policy Evaluation


  • Lena Neij
  • ISSN: 1402-3016
Luis Mundaca
E-mail: luis [dot] mundaca [at] iiiee [dot] lu [dot] se

International Institute for Industrial Environmental Economics (IIIEE)

Lund University P.O. Box 196, 22100 Lund, Sweden
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