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Effectiveness of Energy Efficiency Certificates as Drivers for Industrial Energy Efficiency Projects

Author

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  • Giacomo Di Foggia

    (Department of Business Administration Finance, Management and Law, University of Milano-Bicocca Via Bicocca degli Arcimboldi, 8. Milan, Italy)

Abstract

The efficiency of policies in steering the implementation of energy efficiency (EE) projects has multiple implications including economic opportunity such as reduction of greenhouse gas emissions, security of supply, technological development opportunity for industry. One of the key new instruments foreseen to support EE improvements is the EE certificate (EEC). Focusing on the industrial business case, the purpose of this paper is two-fold. First the energy performance contact is analyzed and discussed, second this paper shows how EECs concur in supporting the viability of the investment. Specifically, results suggest including this instrument the payback time reduction would be around 20% below the baseline hypothesis

Suggested Citation

  • Giacomo Di Foggia, 2016. "Effectiveness of Energy Efficiency Certificates as Drivers for Industrial Energy Efficiency Projects," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 273-280.
    • Handle: RePEc:eco:journ2:2016-02-16
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    References listed on IDEAS

    as
    1. Giacomo DI FOGGIA & Valentina LAZZAROTTI, 2013. "Business Implications Of Local Development Policies: The Case Of Dubai And The Travel Industry," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(1), pages 78-91, February.
    2. Fang, Wen Shwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2012. "The effect of ESCOs on energy use," Energy Policy, Elsevier, vol. 51(C), pages 558-568.
    3. Jackson, Jerry, 2010. "Promoting energy efficiency investments with risk management decision tools," Energy Policy, Elsevier, vol. 38(8), pages 3865-3873, August.
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    Citations

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    Cited by:

    1. Giacomo Di Foggia & Massimo Beccarello & Marco Borgarello & Francesca Bazzocchi & Stefano Moscarelli, 2022. "Market-Based Instruments to Promote Energy Efficiency: Insights from the Italian Case," Energies, MDPI, vol. 15(20), pages 1-16, October.
    2. Anna Dahlqvist & Patrik S derholm, 2019. "Industrial Energy Use, Management Practices and Price Signals: The Case of Swedish Process Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 30-45.
    3. Mulualem G. Gebreslassie, 2022. "Comparative assessment of the challenges faced by the solar energy industry in Ethiopia before and during the COVID‐19 pandemic," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 11(2), March.
    4. Giacomo Di Foggia & Massimo Beccarello, 2023. "Opportunity Cost of Carbon Pricing and White Certificate Programs: A Business Case," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 15(5), pages 150-150, May.
    5. Ainur O. Ongdash & Amalbek D. Omirtay & Manshuk T. Bayetova & Ernur Ongdashuly, 2020. "Economic Growth Modeling for the Republic of Kazakhstan Based on the Higher Energy Efficiency Level," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 396-403.
    6. repec:eco:journ2:2017-04-08 is not listed on IDEAS
    7. Grzegorz Zimon & Hossein Tarighi & Mahdi Salehi & Adam Sadowski, 2022. "Assessment of Financial Security of SMEs Operating in the Renewable Energy Industry during COVID-19 Pandemic," Energies, MDPI, vol. 15(24), pages 1-18, December.
    8. Di Foggia, Giacomo, 2021. "Energy-Efficient Products and Competitiveness in the Manufacturing Sector," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(1).
    9. Grzegorz Zimon & Marek Sobolewski & Grzegorz Lew, 2020. "An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland," Energies, MDPI, vol. 13(11), pages 1-17, June.
    10. Grzegorz Zimon, 2020. "Financial Liquidity Management Strategies in Polish Energy Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 365-368.
    11. John William Grimaldo Guerrero & Andr s David Rodr guez Toscano & Lucelys Vidal Pacheco & Jos Osorio Tovar, 2018. "Analysis of the Energetic and Productive Effects Derived by the Installation of a Conveyor Belt in the Metal-mechanic Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 196-201.
    12. Di Foggia, Giacomo, 2018. "Smart metering projects: an interpretive framework for successful implementation," OSF Preprints zcf34, Center for Open Science.

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    More about this item

    Keywords

    Energy Efficiency Certificates; Energy Efficiency; Energy Policy; Payback Time; Energy Performance Contract;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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