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Project Outcomes and Recommendations

Project deliverables and outcomes relate to a large variety of research activities undertaken by the EuroWhiteCert project consortium.

Firstly existing European certificate schemes have been reviewed and analysed and their interaction with other tradable permit systems and with other energy saving policies has been investigated. A series of analysis reports dedicated to these topics have been produced for project work packages 2 and 3 and are available on the website download page together with guidelines for policy makers on interaction and integration of white certificates with other policy instruments.

Secondly the concept of a tradable white certificate system has been tested by means of the pilot test performed under project Work Package 4 (WP4) and its four sub-packages. The pilot test has been based on a database of real energy efficiency projects selected and documented in several EU countries. It has included dynamic simulations of an EU-wide white certificate scheme that has involved real representatives of the white certificate demand. Pilot test realisation has implied also the elaboration of a sufficiently specified regulatory environment that has served also to test the possibility of eliciting latent demand for white certificates, among others, through a series of interviews with potentially interested demand parties from various EU countries.
Project pilot phase outcomes for WP4.1 consist in a comparative assessment of the existing methodologies for monitoring and verification (M&V) of energy savings and their applicability to a tradable white certificate system. WP4.1 outcomes also include a guide outlining the general principles to be followed for the development of a M&V methodology that should be applicable in each EU Member State (MS) as well as in the framework of a European white certificate system.
In addition a number of questions raised in the MSs and at the EU level in relation to energy efficiency project implementation and the database based modelling activity performed to setup the dynamic simulation tool are documented in a dedicated analysis report produced for WP4.2.
Simulation outcomes and analyses conducted to structure the demand side and test the possibility of eliciting latent demand for white certificates are the subjects of a separate and additional report produced for WP4.3.
It is also worth mentioning that the pilot test has allowed, among others, estimating the maximum market size of a possible EU-wide white certificate market and average certificate price as well as the primary energy and CO2 savings that can be achieved with white certificates in the European Union. A comparative assessment of white certificate scheme efficiency and other relevant energy policy instruments (e.g. energy taxes, subsidies on energy saving investments, etc.) has also been performed. All these topics are addressed within WP4.4 analysis report.
Last but not least analyses performed for the pilot test included also the very relevant topic of transaction costs involved in the development of energy efficiency projects typically implemented under white certificate schemes. Such topic constitutes actually the subject of two distinct reports produced under project WP3 and project WP4.4 that are presently (or will be very soon) available on the website download page together with all the reports produced for the pilot phase.

Thirdly and finally recommendations for the assessment, implementation and operation of white certificate schemes have been formulated. Such recommendations are based on the key findings from all project WPs including additional research initiatives performed within WP5 and documented in the WP5 analysis report and its several annexes that are (or will be soon) also available on the website download page together with the handbook for the design and evaluation of tradable white certificate schemes.

You are kindly invited to download here the package of policy recommendations formulated by the EuroWhiteCert project consortium for the assessment, implementation and operation of TWC schemes.

The policy recommendations presented address policy makers (at the national and the EU level) in charge of the evaluation and design of tradable white certificate (TWC) schemes; authorities responsible for TWC scheme operation, administration and enforcement; obliged and eligible parties participating in such schemes. This package of recommendations is intended to guide such stakeholders in the analysis, design, and implementation aspects of TWC schemes.

Please provide your comments on the recommendations formulated.

 

 

The EuroWhiteCert project has been coordinated by the end-use Efficiency Research Group of Politecnico di Milano end-use Efficiency Research Group

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