{"id":17370,"date":"2018-03-12T06:00:55","date_gmt":"2018-03-12T10:00:55","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=17370"},"modified":"2018-03-09T18:23:34","modified_gmt":"2018-03-09T23:23:34","slug":"a-global-game-changer-for-energy-efficiency-investments","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2018\/03\/12\/a-global-game-changer-for-energy-efficiency-investments\/","title":{"rendered":"A global game changer for energy efficiency investments"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Three hospitals in England recently cut energy costs in half after spending the equivalent of $18 million in energy efficiency upgrades. The\u00a0projects got a much-needed boost from a certification that gave investors confidence the retrofits would bring returns.<\/p>\n

With millions of buildings in need of upgrades\u00a0and the emergence of a\u00a0$20-billion retrofit industry<\/a>\u00a0in the United States alone, there is neither a shortage of projects nor capital looking for environmental opportunities in which to invest. What has been lacking is a way to grow the market to scale.<\/p>\n

Even with an energy efficiency market topping $1 trillion, investors have historically considered such retrofits risky. All this is\u00a0changing quickly\u00a0with a new and global underwriting standard mitigating the risk\u00a0of such investments.<\/p>\n

[Tweet “A global game changer for energy efficiency investments”]<\/h4>\n

Nations\u00a0embrace new certification<\/strong><\/p>\n

One investor in the 2016\u00a0landmark hospital project<\/a>\u00a0in Liverpool, England, predicted the new model would \u201cunlock the European retrofit market.\u201d Since then, a number of countries on the continent have expressed interest in the\u00a0Investor Confidence Project<\/a>.<\/p>\n

We believe a global market for retrofits can now be unlocked after ICP\u2019s Investor-Ready Energy Efficiency certification, or IREE, last month\u00a0joined the platform of global certifications<\/a>\u00a0delivered by Green Business Certification Inc.<\/p>\n

The company administers\u00a0LEED<\/a>\u00a0for green buildings, along with protocols for real estate portfolios and healthy buildings \u2013 and will now offer training and support for IREE.<\/p>\n

After building\u00a0momentum in the U.S., Canada and Europe for the past five years, the certification\u00a0could now gain a global reach.<\/p>\n

It gives investors peace of mind<\/strong><\/p>\n

To upgrade a building takes capital investment up front. Because each building is unique and does its math differently, it\u2019s hard to aggregate energy efficiency projects, predict their return on investment, and bring them to scale.<\/p>\n

In many cases, the projects look too small to be of interest to investors. ICP changes this by providing standards to build confidence that a project will perform as anticipated in the form of lower electricity bills, higher energy savings\u00a0and returns on investment.<\/p>\n

The ICP tool brings\u00a0rigorous protocols<\/a>\u00a0as well as measurement and verification metrics to energy efficiency building retrofits. It creates a replicable pipeline of projects,\u00a0standardizing the way they are developed and brought to market at scale.<\/p>\n

Its IREE certification for commercial and multifamily projects lets investors and building owners know that a particular project is \u201cinvestor-ready,\u201d making potential energy efficiency upgrades more attractive to both parties.<\/p>\n

With the standardization\u00a0ICP and IREE bring to the table, we\u2019re on a path to scaling energy efficiency investments from a one-building-at-a-time approach to a portfolio approach. On this smarter path to boosting financial savings, while cutting energy use and pollution, we can all breathe a bit easier.<\/p>\n

This post originally appeared on our EDF Voices<\/a> blog.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Three hospitals in England recently cut energy costs in half after spending the equivalent of $18 million in energy efficiency upgrades. The\u00a0projects got a much-needed boost from a certification that gave investors confidence the retrofits would bring returns. With millions of buildings in need of upgrades\u00a0and the emergence of a\u00a0$20-billion retrofit industry\u00a0in the United States …<\/p>\n","protected":false},"author":39729,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42996,254,53091,38684],"tags":[],"coauthors":[],"class_list":["post-17370","post","type-post","status-publish","format-standard","hentry","category-smart-power","category-energy-efficiency","category-energy-financing","category-investor-confidence-project"],"acf":[],"yoast_head":"\nA global game changer for energy efficiency investments - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2018\/03\/12\/a-global-game-changer-for-energy-efficiency-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A global game changer for energy efficiency investments - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"Three hospitals in England recently cut energy costs in half after spending the equivalent of $18 million in energy efficiency upgrades. 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