A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S. 

Briefing

A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S. 

Highlights

A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S. 

Case Study

A survey of senior building sector executives on the feasibility of implementing energy efficiency measures across their sector in China, Europe, India and the U.S. 

Many recent major studies, including the IPCC’s Fourth Assessment Report, have attested that energy efficiency is humanity’s prime option to combat climate change in the short- to mid-term. The potential to avoid CO2 emissions cost-effectively has been reported to be significant through efficiency policies. However, the review of global research findings on the quantification of cost-effectiveness of opportunities through improved efficiency has highlighted that there is a major shortcoming in the vast majority of such calculations.

Cities are crucial sites for achieving socio-technical transitions in technology and infrastructure systems. Raising building energy efficiency (BEE) through new construction or retrofitting holds particular relevance to sustainability transitions since this requires diffusion of new technologies and energy management practices. In pursuit of this, city policymakers around the world are increasingly utilising mixes of multiple policy instruments.

The economics of energy efficiency programmes have been subject to considerable academic debate lasting well over three decades now. In this paper, we contribute to this debate by reviewing the costs and benefits of a specific type of policy+ instrument that recently gained significant traction in Europe – Energy Efficiency Obligations - EEOs. Following the introduction of the EU Energy Efficiency Directive in 2012 the number of EEOs in Europe has grown from five schemes to now 16 EEOs in operation or planned across the EU.