Unlocking the energy Efficiency Opportunity - Jim Scheer, SEAI
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Transcript of Unlocking the energy Efficiency Opportunity - Jim Scheer, SEAI
• Technical and economic
potential
• Key opportunities per
sector
• Consumer decision
making analysis
• Key policy
recommendations
• Exchequer perspective
and wider economics
• Beyond 2020
€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
€
€ €
€ €
Investment
Value of savings + Health, wellbeing
+ Competitiveness
+ Reduced import bill
+ more…
Multiple benefits
The business case is clear …
• Expand on the achievements to date
• Make our energy efficiency target
• Multiply these benefits for households and business
How do we accelerate
uptake of energy
efficiency across the
economy?
We know.. • There is no silver bullet
• It does not happen by itself
Finance
Different measures are needed to
over come different barriers
Information
Split
incentives
‘Hidden’
costs
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”
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%
I
III
II
IV
Influencing consumer choices with policy
Information campaigns,
promoting services, audits
Financial support, loans,
EPC, tax incentives
Regulation
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
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
Getting it done
• Targeted policy package
• Interactive and reinforcing policies
• Raising awareness of personal
gains available
• Informed and engaged citizens
Unlocking
the Energy Efficiency
Opportunity
Full report at www.seai.ie/energydata
#betterenergy