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The BEPC model is integrated with the Investor Confidence Project, which ensures that industry best practices have been followed to develop “investor-ready” projects that will perform as projected. Contractors/service providers may financially guarantee the energy savings or take out an insurance policy to compensate the owner for any potential shortfall.
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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.
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EDF’s new Quality Assurance Credential authorizes third-party providers to verify that a project conforms to a set of ICP protocols, as well as certify it as an Investor Ready Energy Efficiency project.
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Several leading companies have signed on to boost investor confidence in energy efficiency through the Investor Confidence Project. Their participation is expected to ultimately increase investments in efficiency.
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Hopes are high for the success of the Investor Confidence Project Europe, a new EU funded project designed to increase private investment in energy efficiency. The aim: to accelerate the development of a global energy efficiency market by standardizing how energy efficiency projects are developed and energy savings are calculated.
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Matt Golden, senior energy finance consultant at Investor Confidence Project (ICP), said the new Investor Ready Energy Efficiency trademark his team is developing will address both of these problems simultaneously. The trademark will be used in commercial and multifamily markets in Europe and the United States.
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The Investor Confidence Project provides energy efficiency standards that serve as the “logo in the lobby,” building investor confidence in much the same way the LEED program standards and certification build confidence in projects, says Matt Golden, director of the Environmental Defense Fund’s Investor Confidence Project in this podcast, which is Part One of Two Parts.
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For the first time, the Investor Confidence Project (ICP) used its protocols to leverage financing for a major project -- helping bring together technical standards and performance data into a single package. The project in Connecticut represents a small but significant step forward for streamlining efficiency projects, which often suffer from a patchwork of standards that create a bottleneck for financing.
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The Environmental Defense Fund’s Investor Confidence Project and the Clean Energy Finance Center (CEFC), along with state and local lending programs, financial organizations and others, are collecting and analyzing data about loan performance and energy savings from efficiency upgrades in residential and commercial buildings.
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When the New York State Energy Research and Development Authority (NYSERDA) wanted to hand out nearly $20 million in residential energy efficiency loans last fall, the organization went to a national rating agency to request the rating of a traditional asset-backed security. No dice....
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Last month, we discussed an influential new report by Ceres and the Investor Network on Climate Risk (INCR), Power Factor: Institutional Investors’ Policy Priorities Can Bring Energy Efficiency to Scale. The report detailed several policies that if put in place, could unlock broad-based financing from institutional investors for energy efficiency, a potential several hundred billion dollar investment opportunity.
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For the past two years, the Environmental Defense Fund (EDF) has been spearheading a project to open up energy efficiency to investment markets. An initial set of protocols is now available to the commercial energy efficiency industry. [+] More
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The EDF Investor Confidence Project (ICP) has been a two-year process to help standardize the commercial energy efficiency industry. Working with a wide range of project advisors, the first set of protocols designed for large commercial building projects are now available. [+] More
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EDF Senior Energy Finance Consultant, Matt Golden, Testifies to the US Senate Finance Committee:
Tax Reform and Federal Energy Policy: Incentives to Promote Energy Efficiency. Read Matt's written testimony or Watch it on C-SPAN |
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The Environmental Defense Fund has, for two years, been working on a new project to make it easier for investors to loan money for building energy efficiency projects. [+] More
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