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Unlocking the Potential: Subnational Policies to Improve Energy Efficiency Financing

Apr 2012
Policy Brief
By  Riddhima Gandi, Rong Li, Joe Nation, Himani Phadke, Maria Riaz, James Sweeney, Fang Xia
Energy efficiency (EE) measures provide one of the most cost-effective ways to reduce global greenhouse gas (GHG) emissions. However, EE measures have not yet reached their full potential due to several barriers, one of the largest being financing. Government policies that enable energy efficiency financing (EEF) have significant potential to scale up EE measures across households, commercial buildings, municipalities, and industries. In this policy brief, we examine two key issues facing policymakers today:
• What are the key barriers to widespread deployment of EEF policies?
• How have other subnational regions implemented EEF policies, and what commonalities do their policies share? We then develop a stepwise framework and policy recommendations that address a wide range of EE challenges. Our motivation for undertaking this project is to address the knowledge gap on EEF policies that currently exists among policymakers. This will enable other national and subnational governments to leverage the power of existing programs and better address this pressing global challenge.