According to the European Commission Science for Environment Policy newsletter some EU Member States are considering using Energy Efficiency Certificates schemes.
These EEC schemes impose obligations on a target group, usually energy suppliers, to achieve a certain quantity of 'energy savings' through improvements in efficiency. Projects are awarded certificates for the amount of energy saved and trading may occur between projects and suppliers.
However, a study that examined the effectiveness of these schemes concluded that this is difficult to measure. This study compared different policy measures and, for EEC , if business-as-usual energy use and GHG emissions are higher than expected, the EEC scheme could not reduce emissions to the originally intended level without continual revision of targets.
For more information: Passey, R. and MacGill, I. (2009). Energy sales targets: An alternative to White Certificate schemes. Energy Policy. 37: 2310-2317.
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