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Financing Energy Efficiency

This blog previously appeared in Project ABRACADABRA newsletter in January. The beginning of a new year is always a good time to take stock of where we are in achieving our objectives in life and what we need to change to make greater progress. The same is true for energy efficiency and building renovation so let’s begin by looking at where we are. The good news from the International Energy Agency’s 2018 Energy Efficiency Market Report[1] is that global investment in energy efficiency grew by 3% to reach USD 236 billion in 2017, although the rate of investment growth slowed in all sectors which is a concern. Europe remained the largest source of investment, rising by 1%. Buildings accoun


I must admit I used to be a sceptic of the call to “electrify everything” but then that was back in the days when the carbon intensity of the UK electricity system was c.500 gCO2/kWh whereas now that intensity is down to c.250 gCO2/kWh. I also have to admit that I have been a sceptic on heat pumps and guilty of one falling foul of the ‘human” barriers to better energy management I identified back in my PhD in the early 1980s, i.e. a bias against a technology resulting from out of date experience, in this case the view that heat pumps were over-hyped and under-performing. One of the problems with a long career in one field is that there are cycles of fashion and interest that seem to repeat,

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