Considerations for Emerging Markets for Energy Savings Certificates

Friedman, B. ; Bird, L. ; Barbose, G.

关键词: COMPLIANCE;    ENERGY EFFICIENCY;    MARKET ENERGY SAVINGS CERTIFICATES;    ESCS;    ENERGY EFFICIENCY;    RENEWABLE ENERGY;    RENEWABLE ENERGY CERTIFICATES;    RECS;    STATE POLICY;    RENEWABLE ENERGY DEVELOPMENT;    STATE POLICY MAKERS;    RENEWABLE PORTFOLIO STANDARDS;    RPS;    Energy Analysis;    Crosscutting;    Weatherization and Intergovernmental Program;    Wind and Hydropower Technologies;    Distributed Energy and Electricity Reliability;    Federal Energy Management Program;    FreedomCAR and Vehicle Technologies;    Hydrogen;    Fuel Cells;    and Infrastructure Technologies;    Industrial Technologies;    Building Technologies;   

DOI  :  10.2172/940644
RP-ID  :  NREL/TP-670-44072
PID  :  OSTI ID: 940644
Others  :  TRN: US200824%%289

学科分类：能源（综合）

美国|英语

来源: SciTech Connect

【 摘 要 】

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.