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Unlocking the energy Efficiency Opportunity - Jim Scheer, SEAI

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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.

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.

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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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