Just open any news service these days and
you are confronted with more evidence that we have no choice but to
significantly do more to mitigate greenhouse gas emissions. Daily we are
reading about fires, floodings, droughts, heat waves, whatever. Naturally,
these cannot all be attributed to climate change but there is enough evidence
for us to take action.
We, in the energy efficiency community, are
trying to create more awareness of the importance of greater energy
efficiency. We are trying to better
understand consumer needs. We are trying to remove barriers to ensure that the
market works more effectively and more ambitiously to reduce those emissions.
So, the 1970 song from Paul Simon (of Simon
and Garfunkel fame) is an appropriate one to set the mood. As you read this
blog, let that music provide the space you need to take the next steps (check
out the late Aretha Franklin’s version). In the investor community, you are fundamental to our mitigation efforts. Think
of these words:
"I'm on your side, oh, when times get rough. And friends just can't be found, like a bridge over troubled water. I will lay me down, like a bridge over troubled water, I will lay me down"
We need you in the investor community to sing these words – and more.
Right now the Investor Confidence Project,
a project funded by the European Commission, is trying to bring those words to
life. It is well documented that many energy efficiency measures are not
undertaken because of a lack of standardisation – of the process. Yes, that process is the relationship between
the asset owner (the business) and the project developer (often an energy
service company or an engieering firm).
There are many factors that influence decisions
and action. The Investor Confidence Project is there to remove many of the
complications and risks in improving the energy performance in industry, street
lighting and energy supply. ICP has developed – and is now testing – a
ICP brought to Europe to develop a system to
give confidence to all active stakeholders. There are still concerns that
investing in energy efficiency is risky. ICP is designed to change that. ICP
started with investments in buildings and is now broadening the scope to
include industry, energy supply and street lighting through a two-year
While working with all stakeholders, investors
are key. The ICP Europe Investor Network is comprised of energy efficiency
investors who recognise the benefit of industry best practice and standardised
energy renovation project delivery. Members of the Network support the use of the ICP Protocols and
Credentialing System because these systems increase confidence in project
performance while reducing due diligence-related transaction costs.
Convened by the Investor Confidence Project (ICP) and hosted by GRESB Global Partner CBRE, the Investor Days Workshop on Sep
tember 11th in London will debate the
future standards for energy efficiency investments in buildings and
infrastructure assets in Europe.
More about the workshop, is available here. You can register here.
You can be
We do live in troubled times. We need the
investor community to be fully engaged. This is not something that can be left
to someone else. Whether it be an asset
owner or a project developer, they cannot do it alone. Financing plays too valuable a role.
We need you to be that bridge over troubled waters. Now.
Do not forget...
For more information about ICP and the upcoming training, please contact me, Rod Janssen, at firstname.lastname@example.org.
By Rod Janssen on ICP Europe:
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