Selected category: Investor Confidence Project

3 Ideas That Could Shape Our World After The Paris Climate Negotiations

The Paris climate negotiations can set the stage for a global shift on climate change – when our world’s emissions finally stop rising, level off, and begin to fall.

There is reason to be optimistic: from China to the United States, from Europe to South Asia, countries are coming together with commitments to cut climate pollution. And so are cities, companies, investors, entrepreneurs – and even moms. That’s real momentum that could open a new era for how we make and use energy.

The real action starts after we all go home from Paris with the biggest question coming out of COP-21: Now what? I want to share three specific ideas for the future – ideas that could accelerate access to clean energy.

First, the biggest barriers today lie in how to deploy the technology we have or will soon have.  Solar panels, “smart” buildings, electric cars – the cost of these technologies is on its way down. Yet we still face problems of scale, because barriers in policy and finance limit the ability of clean technologies to deploy in ways accessible to everyone. Read More »

Also posted in Climate, Energy Financing, Utility Business Models| Tagged | Leave a comment

New Investor Network Aims to “Close the Gap” on Energy Efficiency Financing

1294_Skyscrapers from Below By: Jeff Milum, Director of Market Development, Investor Confidence Project 

40 percent of all energy in the U.S. is used by buildings, which also accounts for one-third of our country’s greenhouse gases emissions. This represents a huge opportunity, both for climate action and financial gain.

There’s just one problem: Project developers often have trouble finding financing for projects, even though investors who are looking to finance building efficiency upgrades are in need of more quality projects. This conundrum is increasingly apparent as more mainstream investors are entering the energy efficiency sector searching for investments with consistent, long-term yields, as well as “green” attributes.

That’s why Environmental Defense Fund’s Investor Confidence Project (ICP) is proud to announce the launch of the ICP Investor Network. By connecting investors who are seeking quality projects with trained and vetted project developers who are originating certified ICP-certified energy efficiency projects, ICP is working to help close this gap. Read More »

Also posted in Energy Efficiency, Energy Financing, General| Leave a comment

New Jersey Accelerates Energy Efficiency Adoption with this New Pilot Project

Newark,_New_Jersey_at_nightThe large-scale adoption of energy efficiency in buildings is a key to achieving a cleaner environment, lower utility bills, and more comfort for customers. But increasing private capital investment in the energy efficiency market has been a big challenge.

Environmental Defense Fund’s Investor Confidence Project (ICP) addresses one specific barrier to more energy efficiency investment: the lack of trust investors and building owners have in projected energy and cost savings. ICP offers protocols that define industry best practices for energy efficiency project development and a credentialing system that provides third-party validation.

By standardizing the process by which energy efficiency projects are developed and measured – and creating a new Investor Ready Energy Efficiency™ asset class as an end result – investors can more easily finance energy efficiency projects and have more confidence in the energy and financial savings expected from these projects.

While many states have made great strides promoting the policies and incentives to spur private investment in energy efficiency projects, my home state of New Jersey is getting serious about it.

Read More »

Also posted in Energy Efficiency, New Jersey| Comments are closed

Building Energy Retrofits Just got a lot Easier with this New Toolkit

toolsBy: Karen Penafiel, Vice President, Advocacy, BOMA International

At its Every Building Conference this summer, the Building Owners and Managers Association (BOMA) International announced the relaunch of its BOMA Energy Performance (BEPC) toolkit.  BEPC is an industry-vetted, proven process to plan, procure, and implement performance-driven building retrofits that has been used in successful projects around the world. For this reason, BEPC and the Investor Confidence Project (ICP) are a “natural fit.”

ICP, an Environmental Defense Fund initiative designed to unlock investment in energy efficiency, is accelerating the development of a global energy efficiency market by standardizing how projects are developed and energy savings are calculated. Together, BEPC and ICP can be used to execute successful, reliable, investment-grade energy retrofit projects from concept through measurement and verification.

ICP’s Roadmap to Investor Confidence lays out six major steps in the project development cycle: origination, project development, quality assurance, certification, underwriting, contracting, and performance. BEPC includes a flexible framework and supporting toolkit of template documents that can assist building owners, operators, and program managers at each stage of this process. Two key areas where the BEPC toolkit is particularly useful in the ICP project development cycle are: Read More »

Also posted in California, Clean Energy, Energy Efficiency, Energy Financing| Tagged , , , , | Read 1 Response

How Does the Investor Confidence Project Work? Check Out Our New Factsheet

By: Max Wycisk

ICP Logo newestThe 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 »

Also posted in Clean Energy, Energy Efficiency, General| Comments are closed

Don’t Write Off Energy Efficiency. It’s Just About to have its Day.

By: Matt Golden, Senior Energy Finance Consultant

pgegreenenergy-smartmeterA 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 »

Also posted in California, Clean Energy, Energy Efficiency, Energy Financing, Illinois, Smart Grid| Read 14 Responses
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