Funding for Energy and Resource Efficiency

Survey after survey** of energy management professionals show that a lack of resources is the most commonly cited cause for rejecting investments in energy and resource efficiency projects.

At the same time, the International Energy Agency’s World Energy Outlook 2012 reported that for their “Efficient World Scenario” that “Additional investment of US$11.8 trillion in more efficient end-use technologies is needed, but is more than offset by a US$17.5 trillion reduction in fuel expenditures and US$5.9 trillion lower supply-side investment.” 

Clearly, a key to success in achieving a more efficient world is down to our ability, as efficiency practitioners, to obtain funding.

The excuse given by decision-makers that “we don’t have the money” is rarely true. If we are honest with ourselves, this response is often due to our own inability as practitioners to create a sufficiently compelling business case – one that addresses the many non-financial barriers that exist. My 840-page book on energy and resource efficiency is largely dedicated to sharing my own experience of these barriers and how they may be overcome:

  • By properly quantifying the value that efficiency generates (e.g. dealing with hidden and missing costs, and valuing co-benefits)
  • By understanding structural barriers (such as split incentives, irreversibility and term issues)
  • By addressing psychological barriers (sunk costs fallacies, loss aversion, certainty bias etc.)

But let’s, for a moment, assume that there really is an availability barrier – i.e. no money.  What then? Well, my book also describes 12 methods, in addition to conventional outright purchase, which can fund efficiency projects. Click the link below for a poster setting out the financial flows, pros and cons of these methods.

For a practical, comprehensive exploration of these challenges, please do download the free PDF of the book available on my website, which also describes each funding technique shown in the poster in detail. The book is full of real-world case studies and useful techniques that can help efficiency practitioners in any organisation, small or large.

In time decision-makers will gain appreciation of the great skills and value that our profession brings to organisations and communities. Indeed it us – efficiency practitioners – who are the key to solving the major challenge of our age: “how to do more with less”. Please do share this link with others to spread the word and share the knowledge.


** see for example: Prindle, William, and Andre de Fontaine. A Survey of Corporate Energy Efficiency Strategies, ACEEE Summer Study on Energy Efficiency in Industry 5, 13 (2009) or Institute for Building Efficiency. 2013 Energy Efficiency Indicators (2013)

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Our mission

To deliver outstanding results for customers and support best practices in our profession.

Energy and Resource Efficiency without the tears

Niall Enright’s book was published in June 2017 and last updated in September 2018.

To get the FREE PDF visit the download page.

4380 Downloads

To buy a print version of the book or order the companion files please visit our store.

If you appreciate the book and want to make a donation towards the publication costs (and support future publications),  click the link below. This is entirely optional!

 

Free Lighting Hours Tool

We were so frustrated at SustainSuccess with trying to find daylight hour tables for client locations that we wrote our own Excel/Google Maps/NOAA “mashup” to calculate lighting hours for any location on Earth! We are providing it FREE to fellow practitioners. Simply fill in this form and we’ll send you a download link.

1295 Downloads

Ideas and Challenges

Despite self-congratulatory case studies to the contrary, the reality is that Sustainability and Resource Efficiency are NOT EASY to implement successfully in organisations.

In a series of blogs, articles, book reviews, and extracts from Niall Enright's book you will find hints, tips and suggestions to make Sustainability a Success.

Contact SustainSuccess

P: +44 7812 519 965
F: +44 161 969 1361 E: mail@sustainsuccess.co.uk

A:19 Harboro Road
    Sale
    M33 5AF, UK

To send me an email, simply click here, or complete the contact form.

For full contact details in internet format vCard click here or scan the QR code below.

Posts, Articles and Reviews

May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  

Archive