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.

Ecosystem-based adaptation (Eba) uses biodiversity and ecosystem services as part of a larger adaptation strategy to climate change. While the conservation and sustainable development community considers EbA to be a strong method of addressing climate change and its associated challenges, there is still a tendency for policy makers to implement traditional engineering solutions for adaptation, rather than investing in EbA.