Unlocking the
Energy
Efficiency
Opportunity
Jim Scheer
SEAI
June, 2015
#betterenergy
• Technical and economic
potential
• Key opportunities per
sector
• Consumer decision
making analysis
• Key policy
recomme...
€700m
annual
savings
Advice and
mentoring
to over 3,000
SME’s
160 largest
industry
users
activated
Over
300,000
homes
upgr...
€
€ €
€ €
Investment
Value of savings
+ Health, wellbeing
+ Competitiveness
+ Reduced import bill
+ more…
Multiple benefits
Remaining potential
The business case is clear …
• Expand on the achievements to date
• Make our energy efficiency target
• Multiply these ben...
How do we accelerate
uptake of energy
efficiency across the
economy?
We know..
• There is no silver bullet
• It does not h...
Finance
Different measures are needed to
over come different barriers
Information
Split
incentives
‘Hidden’
costs
Influencing consumer choices with policy
Consumer awareness
House
types
Business
types
Budgets
Willingness-
to-pay
“I am already considering my
options”
“I think I...
38% 40% 38%
22% 26%
25% 18%
28%
25%
28%
35% 40%
29%
47% 40%
Retail Warehouse
and storage
6%
OfficeHotel
5%
Restaurant/
pub...
Influencing consumer choices with policy
Information campaigns,
promoting services, audits
Financial support, loans,
EPC, ...
Some specific policy interventions
• Low interest finance in the residential sector can
unlock savings
• Reaching an aware...
Target
achievement
NOW
Risks of
inaction
Net savings €8 billion
Government +€1 billion
Jobs and GDP
Lost competitiveness
I...
Getting it done
• Targeted policy package
• Interactive and reinforcing policies
• Raising awareness of personal
gains ava...
Unlocking
the Energy Efficiency
Opportunity
Full report at www.seai.ie/energydata
#betterenergy
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Unlocking the energy Efficiency Opportunity - Jim Scheer, SEAI

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Presentation on the launch of Unlocking the energy Efficiency Opportunity report - Jim Scheer, SEAI.

The seminar presented new insights including the scale of the energy efficiency opportunity; the costs and benefits of 2020 target achievement; and policy options based on a new analysis of investor behaviour and decision-making.

The launch of the report was accompanied by presentations from exemplar projects from the SEAI energy efficiency programmes and a panel discussion exploring how we might accelerate the pace of retrofit in Ireland. New insights into the attitudes of investors was presented and the multiple benefits of energy efficiency explored.

Published in: Government & Nonprofit
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Unlocking the energy Efficiency Opportunity - Jim Scheer, SEAI

  1. 1. Unlocking the Energy Efficiency Opportunity Jim Scheer SEAI June, 2015 #betterenergy
  2. 2. • Technical and economic potential • Key opportunities per sector • Consumer decision making analysis • Key policy recommendations • Exchequer perspective and wider economics • Beyond 2020
  3. 3. €700m annual savings Advice and mentoring to over 3,000 SME’s 160 largest industry users activated Over 300,000 homes upgraded 200 community based projects Building regulations Public sector programme Tax measures
  4. 4. € € € € € Investment Value of savings + Health, wellbeing + Competitiveness + Reduced import bill + more… Multiple benefits
  5. 5. Remaining potential
  6. 6. The business case is clear … • Expand on the achievements to date • Make our energy efficiency target • Multiply these benefits for households and business
  7. 7. How do we accelerate uptake of energy efficiency across the economy? We know.. • There is no silver bullet • It does not happen by itself
  8. 8. Finance Different measures are needed to over come different barriers Information Split incentives ‘Hidden’ costs
  9. 9. Influencing consumer choices with policy
  10. 10. Consumer awareness House types Business types Budgets Willingness- to-pay “I am already considering my options” “I think I can reduce energy use but I’m not sure where to start” “I think I have already put in all measures” “Energy is not a top priority for me”
  11. 11. 38% 40% 38% 22% 26% 25% 18% 28% 25% 28% 35% 40% 29% 47% 40% Retail Warehouse and storage 6% OfficeHotel 5% Restaurant/ public house 3% 3% 6%
  12. 12. Influencing consumer choices with policy Information campaigns, promoting services, audits Financial support, loans, EPC, tax incentives Regulation
  13. 13. Some specific policy interventions • Low interest finance in the residential sector can unlock savings • Reaching an aware consumers through regulation requiring targeted information • Active promotion of the ESCO market • A focus on behavioural change in transport
  14. 14. Target achievement NOW Risks of inaction Net savings €8 billion Government +€1 billion Jobs and GDP Lost competitiveness Import reliance EU fines in 2020 2020
  15. 15. Getting it done • Targeted policy package • Interactive and reinforcing policies • Raising awareness of personal gains available • Informed and engaged citizens
  16. 16. Unlocking the Energy Efficiency Opportunity Full report at www.seai.ie/energydata #betterenergy

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