By: Max Wycisk
The Investor Confidence Project (ICP), Environmental Defense Fund’s (EDF) signature buildings efficiency finance program, is sometimes hard to explain in a nutshell. Ultimately, the program aims to create confidence among investors financing energy efficiency projects by standardizing how projects are designed and implemented across the commercial buildings sector. But how do we get from the origination of a project to a successful return on investment?
Our new ICP factsheet aims to answer this question and more. We’ve even developed this helpful infographic depicting a step-by-step process for using the ICP system: Read More
By: Matt Golden, Senior Energy Finance Consultant
A few days ago, economists from the University of Chicago and the University of California, Berkeley released a study that called into question the cost-effectiveness of energy efficiency. The study was based on the team’s analysis of energy savings shortfalls in the Michigan low income Weatherization Assistance Program. Since then, a host of articles have used the study’s results to call into question the value of utility-sponsored energy efficiency programs.
While this study did raise some thought-provoking points, it also contained biased assumptions and reached conclusions that far exceed its scope, lumping together market-based efficiency with low-income weatherization programs. Read More
Last week’s papal encyclical on climate change galvanized those of us who already see responsible stewardship for the earth as both a moral mandate and business imperative. In the 184-page document, Pope Francis calls for a sweeping overhaul of political, economic, and individual practices to halt the degradation of the environment and protect our planet for the long term.
The pope's sweeping vision is sure to prompt churches, people of faith, and a whole range of organizations to rethink their actions with regard to use of energy, water, and other natural resources. But already, religious organizations have been working quietly and steadily to effectively manage their environmental impact, in keeping with the established theological tradition of moral economic development and use of resources.
Take Gene Murphy of Prescott, Arizona, as a prime example of someone sitting at the intersection of religion, sustainability, and business. As the business manager for the Sacred Heart Parish in the Diocese of Phoenix, Gene has developed scalable solutions for his church and school that could and should be replicated across all churches, schools and relevant organizations. Read More
By: Matt Golden, Senior Energy Finance Consultant
The Investor Confidence Project (ICP), an Environmental Defense Fund initiative designed to unlock investment in energy efficiency, announces the launch of the ICP Quality Assurance Credential for companies with the skills, training, and experience to provide independent review of ICP projects.
This last of three key credentials authorizes third-party Credentialed Quality Assurance providers to verify that a project conforms to a set of ICP protocols, as well as certify it as an Investor Ready Energy EfficiencyTM project. The completion of the ICP credentialing system marks a crucial step forward for ICP and the standardization of the commercial and multifamily energy efficiency industry.
All industries use acronyms, but anyone who reads this blog can attest the electricity sector seems to have more than its fair share. One of these acronyms – TRC – stands for Total Resource Cost and represents the key means by which utilities measure the cost effectiveness of energy efficiency. Another – DR – is demand response, or a voluntary energy conservation tool that rewards people who use less electricity during times of peak, or high, energy demand.
Getting each of these acronyms – and their associated clean energy resources – right is critical if we are to run our electric grid as efficiently as possible. Fortunately for Pennsylvania’s clean energy economy, the state’s Public Utility Commission (PUC) last week took a commendable step toward more fairly valuing both energy efficiency and demand response. Read More
Source: Green Button
Data may be the most promising and powerful tool to advance energy efficiency, but we’ve barely begun to scratch the surface of its potential. Fortunately, more and more customers across the country are obtaining access to information on their electricity usage and pricing data, and Pennsylvania may be one step closer to harnessing this resource.
EDF and Mission:data – a national coalition of technology companies that advance the use of energy data – recently encouraged the Pennsylvania Public Utility Commission (PUC) to empower customers with data in an electronic form. Specifically, we are proposing the PUC adopt the Open Access Data Framework, which clarifies the type of electricity usage data all Pennsylvania customers and authorized third-parties have access to and how the data should be provided. Based on widely-adopted national standards, the Framework can help Pennsylvania effectively utilize and get the most out of its energy data.
Data, technology, and potential savings
Data access is central to customers realizing value from a utility’s investments in advanced energy measurement, and technology can further unlock the potential. But most people do not have the time to become an expert energy analyst simply to identify cost-effective efficiency opportunities. Therefore, most of us will rely on technologies, such as smart thermostats, and third parties to digest and synthesize meter data into actionable steps that increase efficiency, save money, and cut pollution. Read More