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White Certificates Presentation, IPEEC
 

White Certificates Presentation, IPEEC

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    White Certificates Presentation, IPEEC White Certificates Presentation, IPEEC Presentation Transcript

    • ExCo 05 // 20-22 September 2011 CEM02  February 15, 2011 July 19, 2011, Paris Presentation White certificates Author
    • ExCo 05 // 20-22 September 2011 What is a White Certificate?  White certificate is a document certifying that a certain reduction of energy consumption has been attained  As a rule the white certificates are tradable and combined with an obligation to achieve a certain target of energy savings 1
    • ExCo 05 // 20-22 September 2011 Basic principles  The white certificates are given to an actor whenever the targeted amount of energy is saved; the actor can use the certificate for its own target compliance or it can be sold to parties who cannot meet their targets.  If energy producers do not meet the mandated target for energy consumption they are required to pay a penalty or to buy a certificate from another actor. 2
    • ExCo 05 // 20-22 September 2011 Scheme of work Government Energy Efficiency targets (in WhC) $ Company 1: Target met Company 3: Company 2: Target overachieved $ Target underachieved Market place for WhC trade Company 4: Target underachieved 3
    • ExCo 05 // 20-22 September 2011 Countries which implemented WhC  Italy (2005)  France (2006)  UK (1994)  India (2011) 4
    • ExCo 05 // 20-22 September 2011 Italy  The obligations were placed on:   10 electricity distributors and 20 gas distributors.  The obligations allow the energy distributors to meet their targets by improving the efficiency of their own business, but at least 50% of the White Certificates must be met via reduction of electricity and gas in their final customers’ premises.  Although in principle any fuel can be saved, in practice after one year the proportion in savings of energy was as follows: electricity accounted for 74.7%, gas for 21.9% and other fuels for only 3.4%.  It is expected that more than 30% of the expected carbon dioxide savings by 2012 will come from the White Certificate activities. 5
    • ExCo 05 // 20-22 September 2011 Italy Results achieved (2005-2007):  2 million toe saved against a target of 1,1 million toe;  78% electricity savings; 18% natural gas savings; 4% other fuels savings;  90% of savings delivered via projects for which simplified M&V (measurement and verification) methodologies  75% of savings delivered by energy service providers (including ESCOs);  growing number of information campaigns and training programs. 6
    • ExCo 05 // 20-22 September 2011 India: Perform, Achieve and Trade (PAT) Program  Specific Energy Consumption (SEC) reduction targets for 714 energy- intensive Designated Consumers from the following sectors:         Power Fertilizer Chor – Alkali Iron & Steel Cement Textiles Pulp & Paper Aluminium  Total energy consumption by all 714 Designated Consumers under proposed PAT scheme - 181 MTOE Energy Savings Potential (%) : Cement 16%, Paper and Pulp 26%, Fertilizers 15%, Aluminium 23%, Iron and Steel 24%, Chlor Alkali 17% 7
    • ExCo 05 // 20-22 September 2011 India 1. Policy Governor & Compliance Driver (Bureau of Energy Efficiency) 4. Stock Exchange Set Compliance Directives 3. Designated Consumers Industry-A Energy Audit Industry-B 5. Transfer Agent / Depositories 6. Accredited Verification Agency Recommendation for Issue of ESCerts Issue of ESCerts 2. Market Governor Institution Policy Governor and Compliance Driver Role Transfer Agents / Depositories Compliance assurance through incentives and automatic penalties Ensure publicly available data Undertake energy efficiency measures; appoint rd accredited 3 party energy auditors Maintain data of traded prices, traded volumes and trends. Hold the ESC in electronic form. Third Party energy Auditors Audit industry energy savings Market Governor Industry Trading Platform 8
    • ExCo 05 // 20-22 September 2011 Why implement the WhC  Market mechanism to improve energy efficiency;  Tradable nature of the WhC ensures achievement of the EE targets at the lowest possible cost;  Transparency of the scheme to market actors;  Proved to be useful and efficient in a number of countries;  Can be modified according to the specific country requirements. 9