The International Energy Agency (IEA) and RAP are conducting an in-depth analysis for the G7 on the design of market-based instruments (MBIs) for the delivery of energy efficiency. The study examines market mechanisms and economic instruments such as auctions and tendering programmes, utility obligations, and white certificates, analysing the choices that policymakers face and the key factors behind successful programme design and implementation in different contexts. Dr. Jan Rosenow presented initial findings at the workshop, which will form the basis of broader discussions on the place of market-based instruments in the energy efficiency policy mix.
The morning session focused on global best practices for market-based instruments and the strategic choices around policy instruments in the energy transition, and featured presentations from delegates from across the world, including RAP’s Richard Cowart. The afternoon session led into a more detailed discussion on the issues facing policymakers on obligations, auctions, and monitoring and verification.
The full agenda, including presentations, is available here.